🐒 The Golden Cross chart pattern for LITECOIN should happen soon .
What is a 'Golden Cross'
The golden cross is a bullish breakout pattern formed from a crossover involving a security's ( or Cryptocurrency ) short-term moving average (such as the 50-day moving average) breaking above its long-term moving average (such as 100-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
Read more: Golden Cross http://www.investopedia.com/terms/g/goldencross.asp#ixzz4qhZSNYLA
🐒
You can see in The below chart Litcoin is very close to completing a Golden Cross chart pattern when the 50 SMA crosses above the 200 SMA
🐒
The below chart is an example of a Golden Cross chart pattern when the 50 SMA crosses above the 200 SMA
SUMMARY :
🐒 If Litecoin holds in this price range or moves higher then The Golden Cross chart pattern for LITECOIN should happen soon possibly within the next 10 days .
🐒
DISCLAIMER :
This content is for informational, educational and research purposes only.
Please get the advice of a competent financial adviser before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals , opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment adviser, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .