lightknight

LTCUSD Continuation of Bullish Trend - Long Term

Long
BITFINEX:LTCUSD   Litecoin
Keeping this one short and sweet.

Technicals:

  • Supertrend indicator on the monthly shows that overall trend is positive and that support is building (similar to 2017 trend).
  • Vortex indicator is still green, so bullish trend reversal still in play on the monthly (similar to 2017).
  • Long term descending wedges on the LTCBTC ratio signalling strong reversal to come
  • Have not even reached higher fib levels for price

Fundamentals

  • MWEB release towards end of October
  • Omnilite and Flare smart contracts
  • LTC anniversary on 7th of October (first block mined 10 years ago)
  • Taproot upgrade
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.