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tonyg99

Is LTC in an accumulation zone?

Litecoin / Bitcoin (BITFINEX:LTCBTC)  
tonyg99  
BITFINEX:LTCBTC   Litecoin / Bitcoin
Support and Resistance Trend Lines Pennant
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supportandresistance trendline pennant
* Trading sideways against BTC in pennant pattern on low volume for the last 3 weeks
* Price at 50-day EMA
* 200-day EMA shows consistent linear upwards trend
* Shrinking volatility on Bollinger(20)
* No meaningful signals from RSI

Next steps:

* Await volume spike to determine breakout direction
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