demogirl06

Litecoin slow and steady

Long
BITFINEX:LTCUSD   Litecoin
Ultimate oscillator and Williams%R (neither shown) are quiet. Neither overbought nor oversold. Just trading comfortably. Keltner volatility channel shows that LTC generally stays inside of it (as of late) but when it broke above the channel, it promptly sold to dip back into the channel (as it should). LTC climbing steadily up the blue hill. Largely underappreciated, IMO. MACD gives us no clear information other than we are in an uptrend. LTC, on the whole, has been a very slowly but steadily growing coin. Bitcoin and Ethereum are stealing the spotlight lately, but folks fed up with $3,000 bitcoin will appreciate the baby brother. BTC:LTC mine-able ratio = 21:84 or 1:4. But the price? $3,000:30!? LTC has some serious catching up to do.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.