Litecoin has come on to my radar. You can see that the price has broken out of a year long wedge in pink, but lacked support from the bulls to have a truly bullish breakout. However, the price action is tightening up again in yet another falling wedge and on the lower time frames, has already broken out. The daily MACD is showing a bullish cross over the signal line and there's good bullish divergence. I think LTC is ready to bounce against BTC.
My Plan
I am waiting to confirm a bullish breakout with volume. With BTC showing weakness, I'm hesitant to commit right now in fear of a forceful dump that would take the whole market with it. LTCUSDT is also not looking bullish which also causes me to pause. But if BTC can manage to stabilize itself, I think LTC might be prime for a breakout. Patience is the game now.
My Plan
I am waiting to confirm a bullish breakout with volume. With BTC showing weakness, I'm hesitant to commit right now in fear of a forceful dump that would take the whole market with it. LTCUSDT is also not looking bullish which also causes me to pause. But if BTC can manage to stabilize itself, I think LTC might be prime for a breakout. Patience is the game now.
Uwaga
Uwaga
LTCBTC looking good. Be mindful of BTC. As long as it falls slowly, LTC should be ready to rock and roll. Watch for the breakout of this triangle. 
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.