LTCUSDT: Detailed analysis;Long and short term analysis (part 1)
Dear friends!
I hope you have till now enjoyed your profits from your positions and if not, do NOT worry since I am gonna reveal valuable details which pave your way toward more reasonable trades and nice profits.
In this post I contend to analyze the
LTCUSDT
chart from weekly to 4H time frame and clarify if its bullish or bearish. So stay with me till the end!
Part 1
Time frame: Weekly
As you can observe, a very important downtrend line has just been broken with considerable volume. Thus, we expect a bullish market.
Key indicators, such as RSI and On Balanced Volume (OBV) also confirm the move.
Furthermore, according to the BTC move which we have seen in the last week, it is not beyond expectations to witness a strong bull run for all ALT coins, LTC included. This bull run could take us to at least the previous peak on 144 USDT.
Conclusion: Bullish market
I hope you have till now enjoyed your profits from your positions and if not, do NOT worry since I am gonna reveal valuable details which pave your way toward more reasonable trades and nice profits.
In this post I contend to analyze the
LTCUSDT
chart from weekly to 4H time frame and clarify if its bullish or bearish. So stay with me till the end! Part 1
Time frame: Weekly
As you can observe, a very important downtrend line has just been broken with considerable volume. Thus, we expect a bullish market.
Key indicators, such as RSI and On Balanced Volume (OBV) also confirm the move.
Furthermore, according to the BTC move which we have seen in the last week, it is not beyond expectations to witness a strong bull run for all ALT coins, LTC included. This bull run could take us to at least the previous peak on 144 USDT.
Conclusion: Bullish market
