Long
LTCBTC ready for a break to the upside?
I opened another long on this pair from 0.0055. Why? LTCBTC has been oversold for 21 days on the weekly timeframe. Daily prices have been holding steadily for a few days while indicators were still deeply oversold. With today's move up and BTC hitting resistance we may be ready for another move on this pair.
Fundamentally, LTC works. It is still being actively developed, it has a solid community and a decent mining network. This alone means it has more value than any random altcoin out there.
Big buys have been popping up over the past few days so I wouldn't be surprised if we see a solid move to the upside soon. First targets for me are .006, .0077 and .01.
Fundamentally, LTC works. It is still being actively developed, it has a solid community and a decent mining network. This alone means it has more value than any random altcoin out there.
Big buys have been popping up over the past few days so I wouldn't be surprised if we see a solid move to the upside soon. First targets for me are .006, .0077 and .01.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.