Litecoin Ready For a Run!

2021年6月2日

Litecoin has been trading mostly sideways since the big correction we had and we are getting stuck on the 0.2 FIB, we cant seem to fully crack it. But looking historically and even this year Litecoin tends to lag behind the market/ BTC, we have strong correlation with bitcoin but our moves following always seem to come after BTC makes its move. I think once we see a confirmed break of the 0.2 we will get some much needed momentum to start running up again. The MACD hasnt flashed a buy yet but on most coins it has and we are just starting to see the beginning of a bullish flip for the MA's. However looking at the Chaiken Money Flow we need to start seeing some cash flowing into LTC, we slightly crossed the 0.00 point but are coming right back down. Hopefully we don't cross back below the zero again and instead bounce and see lots of money flowing in. NFA just my opinion!