LTC/USD Potential Bullish 3 Drives Reversal
Not a professional. Not financial advice.
It’s hard for me to believe the crypto market is ready to go up again in the short term but the LTC/USD chart surprisingly looks ready to rip if the money was to flow again.
1) It underperformed this past year relative to expectations, but on the bright side it’s been forming a giant Cup & Handle when you zoom out.
2) Within the handle a bullish 3 drives down appears to be very much in play.
3) The RSI & MACD also look primed for some divergence signals too but again I’m not an expert.
I’m looking for 3 things:
- the sell off to continue down to the $135 range
- the volume needs to shows up
- and a retest of the trend line for confirmation
Thoughts?
It’s hard for me to believe the crypto market is ready to go up again in the short term but the LTC/USD chart surprisingly looks ready to rip if the money was to flow again.
1) It underperformed this past year relative to expectations, but on the bright side it’s been forming a giant Cup & Handle when you zoom out.
2) Within the handle a bullish 3 drives down appears to be very much in play.
3) The RSI & MACD also look primed for some divergence signals too but again I’m not an expert.
I’m looking for 3 things:
- the sell off to continue down to the $135 range
- the volume needs to shows up
- and a retest of the trend line for confirmation
Thoughts?
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