Hello Everyone,
Quick upload for LTCUSD, looking into the Weekly chart, we see that LTC has momentum.
- Stock_RSI still high and pointing upward.
- Volume Declining (always a sign of a big move (Bullish or bearish) coming up
- Ichimoku:
- TS/KS Bull cross
- Bullish Kumo opened and seems to have big Volume
- Chikou Span Above PA.
****So immediate target is what we call a KUMO SHADOW. Please look it up if you are not familiar with Ichimoku Kinko Hyo
Target 200 USD, then we expect retracement but not drastic as the chart says( I need more candles to confirm the extend of the retracement)
Anyway, be careful with your investment and do not invest more than you can afford to loose.
Thank you,
Salam
Quick upload for LTCUSD, looking into the Weekly chart, we see that LTC has momentum.
- Stock_RSI still high and pointing upward.
- Volume Declining (always a sign of a big move (Bullish or bearish) coming up
- Ichimoku:
- TS/KS Bull cross
- Bullish Kumo opened and seems to have big Volume
- Chikou Span Above PA.
****So immediate target is what we call a KUMO SHADOW. Please look it up if you are not familiar with Ichimoku Kinko Hyo
Target 200 USD, then we expect retracement but not drastic as the chart says( I need more candles to confirm the extend of the retracement)
Anyway, be careful with your investment and do not invest more than you can afford to loose.
Thank you,
Salam
