LTCBTC Bull Flag consolidation
LTCBTC 1 Hour time frame
Bull flag taking shape. Looking for volume to drive price above 170 day moving average for a breakout.
4 hour time frame, Stochastic RSI and MACD curling up
Edited to Include LTCUSD Price 4 Hour Time frame
Note the uptrend line, clear bounce with volume. Need to see more volume drive the Price higher. Take notice of the long oversold Stochastic RSI also.
Anticipation is that BTC begins retrace here - Alt coins will generally appreciate against it.
TRADE: Take position here or on break out. Set stop below 4 hour 30ema, approx 0.0108 or 1-2 % below entry.
Alternative: ETHBTC
Follow at your own risk, Not a financial adviser, understand the risks associated with trading and investing. Manage your own Risk - in other words you could lose it all and I could give a fuck.
