I am looking at the Litecoin (LTCBTC) chart on the daily time frame and there seems to be something brewing up.
This signal can fail, but it looks like a strong move is on its way... If resistance can break.
- The black line on the chart is MA200. Notice how this line is coming down and now below LTCBTC's price.
- Recent break above EMA10 and trading above EMA50, which is a strong resistance.
- We have a bullish RSI and the MACD is also n the bullish zone, something most altcoins are laking.
- This can be a good profit move, so keep an eye on this.
- If enough support is given to this trade idea, I will post a LTCBTC (All exchanges -Binance, Bittrex, Coinbase, BitFinex, Kraken, etc.) trade as well as a highly profitable LTCH19 (BitMEX) trade with leverage.
Thanks a lot for reading.
Namaste.