Looks like LTCUSD is ready for a retracement to the upside. If we can break above the 20 and 50 day ema, I can see us at least reaching the previous high between ($194.24 - $197.68). We have parabolic sars activated on the bottom of my candles.(Entered on the first one that kicked in). Looks like we have some buy volume coming in. Planning on holding until the Mac D crosses towards the upside. The RSI is in dangerous territory and could be a potential fakeout I will admit. However, I'm confident in long term sentiment seeing as to how it is used and accepted in the US, Europe, Asia, India and Indonesia. They have recently partnered with Verifone. They work with over 600,000 merchants across the globe. Litecoin is used in the following segments: Gaming, gambling, web marketing/development, business services, crypto services, tourism, traveling, business, offline services, internet services, shops and markets! I believe this coin isn't the most popular. However, that partnership with Verifone isn't anything to take lightly! Let's see what happens!
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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.