Litecoin Moving Higher | Will Challenge EMA100 Next

Nov 3, 2019

Litecoin (LTCBTC) had a strong drop after being rejected by EMA100. After this drop, we have LTCBTC slowly creeping back up...

Here is my analysis:

• Litecoin will move up and test at least EMA50. If EMA50 can be conquered then EMA100 comes next, which is my main target short-term for Litecoin.
  
  
• Divergence is showing up on the indicators after the drop.
  
  
• There are multiple candlesticks that are pointing to a move to the upside...
  

All the additional details can be found on the chart.

Here is the same setup but for LTCZ19 (BitMEX instrument for leveraged trading):

This is not financial advice.

If you have any questions feel free to use the comments section below.

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This is Alan Masters.
Thanks again for reading.

Namaste.