A Breakout awaiting Litecoin
there are a lot of signs of an approaching breakout for litecoin
-bollinger bands indicates low volatility for quite long duration
-as colored directonal movement indicates no trend currently at all
-ichimoko base colored super trend is heading up, price is within the cloud and conversion line above base line
rsi is above 50
trend remain above 50 and just below 200 and within a channel
my expectaion for the breakout is bullish with 54-60 levels as target
it is not ready yet, before entering a trade it could be still good to await bullish setups to form
-bollinger bands indicates low volatility for quite long duration
-as colored directonal movement indicates no trend currently at all
-ichimoko base colored super trend is heading up, price is within the cloud and conversion line above base line
rsi is above 50
trend remain above 50 and just below 200 and within a channel
my expectaion for the breakout is bullish with 54-60 levels as target
it is not ready yet, before entering a trade it could be still good to await bullish setups to form
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