LindellBrown
Long

LTCUSD - A Quick One

COINBASE:LTCUSD   Litecoin / U.S. Dollar
A very shallow observation, but potentially still profitable.

A bull flag appears to be forming on the hourly chart. The breakout could occur either around 6-9PM BST this evening, or if it decides to reside towards the lower range for longer, tomorrow throughout the day. If it loses the flag formation , however, it’s likely to range below the trend line until it has enough pulling power to boost itself up into the next upper echelons of $46.

Comments

can't currently see any down, very much bouncing on old resistance becoming new support
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Do you see the MACD is almost crossing on the weekly chart for a buy signal at the moment? The last candle wick went up to the middle of the bollenger band as well which could be a rejection of that price. Do you think it could go up to 60 next week if it crosses?
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Brilliant once again !
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