Following up on a previous TA,
As observed price squeeze from BB indicating an imminent break to either the upside or downside. Given the bullish golden cross (50MA over the 200MA) as well as strong support evident on the 50MA, the breakout to the upside was of a much greater likelihood.
MACD has consistently defended its signal line, indicating a rejection of the bears. We await for ADX momentum to pickup for a sustained bullish price action.
Do note that Litecoin's halving is coming up in a couple months!
As observed price squeeze from BB indicating an imminent break to either the upside or downside. Given the bullish golden cross (50MA over the 200MA) as well as strong support evident on the 50MA, the breakout to the upside was of a much greater likelihood.
MACD has consistently defended its signal line, indicating a rejection of the bears. We await for ADX momentum to pickup for a sustained bullish price action.
Do note that Litecoin's halving is coming up in a couple months!
Yorum:
