Litecoin More Upside Possible

[abdelkrim maksour]

Litecoin ( LTCM19 ) just went through a massive correction and retraced from the 3rd until the 29th of April.

It then continued to produce what we call a "double bottom", marked with blue arrows on the chart. This ended in a perfect bounce at the low-end of our recommended buy-in (around 0.0128 was the low-end of our buy-in), with LTCM19 now doing some nice bullish action.

On the chart above we can appreciate:

• Break above EMA10 and EMA50.
  
• Increasing bullish volume .
  
• Green candle after green candle. This is the strongest LTCM19 has been since early April on the chart above.
  
• The RSI is super bullish .

 

[apkwire]

Nice thank you for this thread