LitecoinLong
Litecoin Could May turn Bullish
Looking at the wedge, we see Litecoin has reached the apex and could break up or down at any moment. While a break down is possible, looking at the bullish divergence on the RSI and OBV, as well as the crossover on the stoch, I'm inclined to lean toward a break upwards. If we see an increase in volume, expect a breakout shortly after. To be safe, I would wait for positive confirmation of an up OR down trend before entering a position. We must also remember that sometimes we see what's called a bull trap OR bear trap when it breaks up or down momentarily, only to reverse course. For that reason, I would wait for a closed candle on the hourly before entering a position.
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BTC: 12rd6dE84dte27H4Gk9Sedm4W8R8nVUUjo
ETH: 0x0C67E0F823AD1511c383086E0E40444177C7A241
LTC: LNzrBTJzLn3Dfno2UbfmPtsPR2mNs7Tpj2
DASH: XoUTpTohr8Q82YSKNdByjL1nh3URs3ax5q
BCH: 1LJJkWBSwwhibVmEHmdttHDjFsuj8urP9J
I hope this has been helpful. My content will always be free thanks to my generous audience who continues to spread the love. I truly enjoy helping others succeed. If you've benefited from my analysis, please consider tipping me to say thanks...but never feel obligated.
If you have a coin you'd like me analyze, feel free to ask. I'll try to accommodate as many requests as possible. Any request from someone who leaves a tip will be considered first. Thank you for your continued support. My goal is to make 2018 as profitable for you as possible!
BTC: 12rd6dE84dte27H4Gk9Sedm4W8R8nVUUjo
ETH: 0x0C67E0F823AD1511c383086E0E40444177C7A241
LTC: LNzrBTJzLn3Dfno2UbfmPtsPR2mNs7Tpj2
DASH: XoUTpTohr8Q82YSKNdByjL1nh3URs3ax5q
BCH: 1LJJkWBSwwhibVmEHmdttHDjFsuj8urP9J
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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.