Litecoin is setting up and is looking great. This is a key indication for BTC setting up to go bullish as well soon. When LTC is pumping we are likely to see the same effect n BTC and in vicaversa.
We saw a double bottom on the 100 EMA and a strong bounce off of that. After that we can see that LTC came down and touched the 200 SMA and continued upwards (forming a cup and handle now).
Lastly you see that the 50ema crossed over the 100ema. Strong bullish indication with this movement.
LTC will see a break out and once it breaks out this time it will not return back below 150$. Get it while it lasts. If BTC pumps it will pump even quicker. Money is coming into the market and long term is the best option right now.
We saw a double bottom on the 100 EMA and a strong bounce off of that. After that we can see that LTC came down and touched the 200 SMA and continued upwards (forming a cup and handle now).
Lastly you see that the 50ema crossed over the 100ema. Strong bullish indication with this movement.
LTC will see a break out and once it breaks out this time it will not return back below 150$. Get it while it lasts. If BTC pumps it will pump even quicker. Money is coming into the market and long term is the best option right now.
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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.