- Litecoin continues its moon mission
- LTC was consolidating for a few weeks now without making lower lows, which was the first indication bullish action might be upon us
- The bigger indicator was both CRUP signals that could have trigger longs both times, which would have resulted in a huge move
- We are well above the EMAs, this has only happened once back at the start of the year
- If we can remain above the EMAs, we are likely to see price continue to charge forward and upward towards the 200EMA
- That is another 21% gain but a pullback might happen before we continue higher
- LTC has been a leading indicator for BTC movement so far in 2019 and we can see that today
Thanks guys!
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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.