✴️ Litecoin Halving 2023, What About The Chart?

٢ أغسطس ٢٠٢٣

What is the chart saying as Litecoin approaches its halving event?

Yesterday was a good day for Litecoin because a candle wicked below EMA10/21/50/100 but managed to close above it.

Sellers jumped in but were fully negated.
Buyers showed up in drove.

The day (1-Aug.) ended green and with above average volume, which are great bullish signals.

Looking at these signals together with the MACD can be useful:

The MACD is showing a young bullish cross and the histogram has gone green.

Noting by looking back that each time the histogram goes green it stays green for a while. Never it goes green for a day and then red... Meaning that prices are ready to grow or at the least the MACD is set to move higher which precedes a price jump.

To be fair these signals are not that strong.
These signals are good but mild... It is better mild bullish signals than weak or strong bearish signals.

The fact that the signals are bullish is what counts and the fact that Bitcoin is gaining bullish momentum as it moves up.

What one does, the rest follows.
Cryptocurrency is set to grow in August 2023. Easy.

Very strong negative news, yet nothing falls.
When negative news fail to affect the market, it becomes the inverse, a strong bullish signal... That's another point for the upside.

If you wait patiently, you will see exactly what I am saying drawn on the charts.

How will you use this information?
To make money of course.

Namaste.