📈 Daily TA: Litecoin (LTC/USD)

Hello, dear members of LeoFinance!

Today I want to highlight some interesting technical patterns on the price chart of Litecoin.

In the daily chart (1D), LTC/USD continues to move forward within the Rising Broadening Wedge: As can be seen from the chart, the 30-day Moving Average (MA 30) is above the lower line of the wedge (trend line). Also, the 90-day Moving Average (MA 90) is slightly below the trend line.

In my view, the two MAs plus the trend line will support the further price increase of LTC/USD.

To be continued ...

As of the time of writing, one Litecoin costs approximately $269.93 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 last almost 15 years, and as a cryptocurrency analyst for last almost 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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📈 Daily TA: Litecoin (LTC/USD) | 02-05-2021