Bullish Gravestone Doji on LTC Weekly & Monthly
A bullish gravestone doji candle has been spotted on the Litecoin weekly and monthly (mid-term, long-term) charts.
The bullish gravestone doji: price opens and closes at the low of the day. This represents the bottom and a major support level which bears failed to break on these timeframes.
The gravestone doji is bullish when it occurs in a downtrend, and bearish in an uptrend. Relatively reliable pattern. Wait for confirmation. Proper confirmation would be the next candle body close being above the gravestone doji's body. In other words, for LTC's next weekly candle close, it the bottom of the body should be +/- $31.
The bullish gravestone doji: price opens and closes at the low of the day. This represents the bottom and a major support level which bears failed to break on these timeframes.
The gravestone doji is bullish when it occurs in a downtrend, and bearish in an uptrend. Relatively reliable pattern. Wait for confirmation. Proper confirmation would be the next candle body close being above the gravestone doji's body. In other words, for LTC's next weekly candle close, it the bottom of the body should be +/- $31.
