Litecoin Massive Bullish Break on Watch
ที่อัปเดต:
I don't like Litecoin's fundamentals and technically speaking it's been very weak for the last few years. But even weak names will have their time in the spotlight once in a while and Litecoin's time to shine once again maybe be on the horizon. The only reason why I am even interested in Litecoin at the moment is because of the LTC/BTC weekly chart which has been trading within a descending wedge pattern going all the way back to December 2017 and it's getting really tight.
When a pattern this big, breaks out it will attract a lot of volume from traders if nothing else and will surprise most people. LTC/BTC 4hr recently reversed the daily downtrend and we are now looking at the daily to follow through. Great set-up to trade but not a name I would invest in as we have seen time and time in the past, Litecoin's rallies are often short-lived.
When a pattern this big, breaks out it will attract a lot of volume from traders if nothing else and will surprise most people. LTC/BTC 4hr recently reversed the daily downtrend and we are now looking at the daily to follow through. Great set-up to trade but not a name I would invest in as we have seen time and time in the past, Litecoin's rallies are often short-lived.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน