Hello, dear members of LeoFinance!
Today I want to point out one bullish signal on the price chart of Litecoin.
On the daily time frame (1D) of LTC/USD, the key Moving Averages (MAs) have formed a bullish order:
As you can see from the chart, the fastest MA, namely the 30-day MA, is at the top, then followed by the 90-day MA, and the slowest one, or the 1-year MA (365 MA) is at the bottom.
Usually, traders consider such kind of formations as a bullish signal. In my view, this is a clear signal that we might be at the very beginning of an uptrend.
To be continued ...
As of the time of writing, one Liteooin costs $82,96 on 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 14+ years, and as a cryptocurrency analyst for the last 3+ 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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