LTC/BTC

Mar 9, 2018

LTC is looking bullish right now. Traders EMA are contracting toward bullish bias. The investors EMA are starting to compress a sign that they are agreeing on the price and a period of volatily incoming. Given the fact that every chart I have seen until that one are bearish maybe we can expect some nice little FOMO into LTC. This daily candle is also indicative of a bullish momentum. My only concern being the fact that it is near it's ATH on a 3 years period and it has been rejected 5 times already around 24-25 area and there is a strong resistance at 20.8-21.2 area. So possible little pump if we enter here at 20 and it pumps to 25 it is still a 25% profit target. But it is a risky play.