Litecoin vs BTC has been in a falling wedge for a few years now.
We're now approaching the lower end of the wedge and if there's ever a time to start a rally against BTC it's now.
What does TA have to say?
We're trading below both the 50 and 200 Week MA. A breakout above the 50 MA would be a good thing as it's at about the same level as the upper end of the falling wedge. Ideally we flip this resistance into support ant take off from there.
When we look at indicators and oscillators we can spot bullish divergences on stochastic, Willy and MACD.
There's no sign of bill div on the obv, that would've been extra bullish.
It really only seems like a matter of time before we see this thing take off.
Have some extra info to consider, do you see things differently? Let me know!
Cheers,
W
We're now approaching the lower end of the wedge and if there's ever a time to start a rally against BTC it's now.
What does TA have to say?
We're trading below both the 50 and 200 Week MA. A breakout above the 50 MA would be a good thing as it's at about the same level as the upper end of the falling wedge. Ideally we flip this resistance into support ant take off from there.
When we look at indicators and oscillators we can spot bullish divergences on stochastic, Willy and MACD.
There's no sign of bill div on the obv, that would've been extra bullish.
It really only seems like a matter of time before we see this thing take off.
Have some extra info to consider, do you see things differently? Let me know!
Cheers,
W
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