Hello, dear members of LeoFinance!
Today I want to make an update on my previous anlaysis of Litecoin.
In the weekly chart (1W), LTC/USD has formed a Double Bottom (common trend reversal technical pattern):
As can be seen from the chart, a breakout took place, the price of Litecoin went thru the neckline, and now it is increasing.
I would like to highlight that the weekly time frame is a very reliable one and it seems that this is the beginning of a long upward journey.
In addition, in the shorter time frames, we have bullish formations as well. For example, in the 4-hour chart (4H), LTC/USD has exited the Symmetrical Triangle (typical trend continuation pattern):
As can be seen from the chart, LTC/USD is resuming the uptrend.
So, to put it in a nutshell, I am very bullish on Litecoin.
To be continued ...
As of the time of writing, one Litecoin costs $242,26 on the CoinBase crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for last almost 15 years, and as a cryptocurrency analyst for last almost 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
Learn How To Earn PRE Tokens By Using Presearch Decentralized Search Engine
Join the crypto exchange Binance: https://www.binance.com/en/register?ref=28017531
Join the crypto exchange Bittrex: https://bittrex.com/Account/Register?referralCode=3GB-QAJ-BMW
Posted Using LeoFinance Beta
Whoa, how much optimism is around LTC
Link to vote for @cranium as a witness
Posted Using LeoFinance Beta
Absolutely!
Posted Using LeoFinance Beta
Thank you.
I use to keep track of changes through your posts.
Question: Have you seen my latest LeoFinance posts? They've refocused into more practical, informative ones. Let me know what you think of them.
Hugs!
You have done two-way analysis. Good market analysis.
Thank you!
Posted Using LeoFinance Beta
Your post is reblogged and upvoted by me. It is a good post. Thank you @cryptospa
Thank you!
Posted Using LeoFinance Beta