BigBitsIO

LTCUSD - Still long on weekly

COINBASE:LTCUSD   라이트코인 / 달러
From my last idea about COINBASE:LTCUSD on the weekly:

"Personally, I feel this a valid time to accumulate given the very bullish news around crypto and blockchain technology in general in the last few days. I plan to hold for a while as the ratio is very low vs. BTC , see: COINBASE:LTCBTC . I'm a very firm bull on COINBASE:BTCUSD but also believe that LTC is at a low ratio, and with great signals for a potential trend change vs.USD."

This was while price was at around $58.

Key takeaways now:
  • Stochastic appears to be turning upwards while on a red candle. Means it is hard to push that indicator down at this time.
  • Bounce from bottom BBand.
  • MACD histogram getting really low, potential crossover still.
  • Green 50 Week MA forecasted potential cross above Yellow 100 Week MA in about 6 weeks with current prices.

I still feel like this is an excellent time to accumulate.

Only thing I don't care for is the Stochastic RSI still heading downward, however this indicator is quick to move, so solid bullish movements will correct it quickly.

DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
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