Hodl, dear members of LeoFinance!
Today, I would like to comment on the price chart of Litecoin and, actually, I want to continue the analysis I published four days ago.
So, in the 4-hour chart (4H), LTC/USD has already exited the Bullish flag - a breakout took place recently:
Because the flag is a common trend continuation pattern I expect the price to attempt to resume the uptrend.
Moreover, in the 1-hour chart (1H), LTC/USD is already trying to draw an Ascending channel (uptrend):
That's why I've decided to enter the market and open a long position.
To be continued ...
As of the time of writing, one LTC costs $203,27 on the Coinbase crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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