LitecoinLong
LTCUSD - Still long on weekly
From my last idea about LTCUSD on the weekly:
"Personally, I feel this a valid time to accumulate given the very bullish news around crypto and blockchain technology in general in the last few days. I plan to hold for a while as the ratio is very low vs. BTC , see: COINBASE:LTCBTC . I'm a very firm bull on COINBASE:BTCUSD but also believe that LTC is at a low ratio, and with great signals for a potential trend change vs.USD."
This was while price was at around $58.
Key takeaways now:
I still feel like this is an excellent time to accumulate.
Only thing I don't care for is the Stochastic RSI still heading downward, however this indicator is quick to move, so solid bullish movements will correct it quickly.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
LTCUSD on the weekly:"Personally, I feel this a valid time to accumulate given the very bullish news around crypto and blockchain technology in general in the last few days. I plan to hold for a while as the ratio is very low vs. BTC , see: COINBASE:LTCBTC . I'm a very firm bull on COINBASE:BTCUSD but also believe that LTC is at a low ratio, and with great signals for a potential trend change vs.USD."
This was while price was at around $58.
Key takeaways now:
- Stochastic appears to be turning upwards while on a red candle. Means it is hard to push that indicator down at this time.
- Bounce from bottom BBand.
- MACD histogram getting really low, potential crossover still.
- Green 50 Week MA forecasted potential cross above Yellow 100 Week MA in about 6 weeks with current prices.
I still feel like this is an excellent time to accumulate.
Only thing I don't care for is the Stochastic RSI still heading downward, however this indicator is quick to move, so solid bullish movements will correct it quickly.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
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