Good day,
In this TA for Litecoin my main point is to highlight action regarding both green boxes. In the first green box you can see in cyan a bull flag followed by a consolidation pattern and then a boost higher. Also using the MA's from the BOSS METHOD, you can see that in the box the 7 takes over the 77 and once that happens it moves higher into the next phase.
The second green box shows an almost identical pattern in this instance. A bull flag followed by a period of consolidation. At this direct direct moment we can see that the 7 is again about to take over the 77 which could be an indication LTC may be seeking to move higher in the hours/days to come. LTC follows a lot of Bitcoins movements which is not a coincidence in my opinion. LTC is being bogged down by the 77 pressure but if it can get over it, thats a buying signal.
Bullish on LTC.
In this TA for Litecoin my main point is to highlight action regarding both green boxes. In the first green box you can see in cyan a bull flag followed by a consolidation pattern and then a boost higher. Also using the MA's from the BOSS METHOD, you can see that in the box the 7 takes over the 77 and once that happens it moves higher into the next phase.
The second green box shows an almost identical pattern in this instance. A bull flag followed by a period of consolidation. At this direct direct moment we can see that the 7 is again about to take over the 77 which could be an indication LTC may be seeking to move higher in the hours/days to come. LTC follows a lot of Bitcoins movements which is not a coincidence in my opinion. LTC is being bogged down by the 77 pressure but if it can get over it, thats a buying signal.
Bullish on LTC.
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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.
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.