After a labor day weekend sell off in crypto, litecoin appears to have formed a support trendline for its base and accumulation for it next run up. Volume is low but volatility remains high. This looks to be an opportunity to go long on litecoin. With lightning network going live, atomic swaps, excellent dev support, litecoins solid history, continued adoption...
MACD and RSI 2H confirming consolidation/correction at this point, would probably be heading back to 0.01337 and this would be the bottom of the cup. Since the last uptrend went very quickly we can expect more waves bringing us to ever higher levels. The upper red line is a point where you definitely want to sell and upward momentum will slow down at this point,...
Bullish pennant forming LTC - Just an idea though, the weekends usually are bloody for alts especially during the period we are experiencing at the moment.