Litecoin Flashes Bullish Signals

٩ مايو ٢٠٢٠

Take a look at this chart here, Litecoin (LTCBTC) is flashing multiple bullish signals.

• We have a Doji yesterday on above-average volume.
  
• Prices are now bouncing and we have the "3 White Soldiers" candlestick pattern.
  
• Prices are now trading above EMA10.
  
• With the Doji, bounce above EMA10, and increasing green volume, this can signal a potential reversal.
  
• The RSI is gaining momentum up.
  
• The MACD is showing a bullish cross.
  

These signals are telling me that Litecoin can continue up.

I've marked the main target at MA200, but surely resistance will be strong first at EMA50 (0.005144) before getting there.

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Namaste.

(This is not financial advice)