Hello fellow Steemians!
As you know, Litecoin broke out today in bullish run! I have analyzed the charts and it seems that Litecoin will be one to watch! 😁
The Moving Averages are perfectly aligned in this chart, indicating positive movement in the near future (next day or so).
In the longer-term, Litecoin has a strong positive momentum which is not showing much of fade, indicating that it will likely hold close to peak of next spike and continue to rise for the next week or two.
The MACD is signaling a long and steady increase in price- exactly what Litecoin needs right now!
I decided not to draw and write on the chart this time so it looks less cluttered and so I could fit more into one chart instead of having two in the post. Tell me if you prefer the writing and/or two separate charts.
That's all for this analysis,
Thank you for reading and Steem on!
~Jack
Remember: This is only my analysis, you should always do your own research as well before making any investing decision! This post is not telling you to buy or sell! Trade at your own risk!