📈 Daily TA: Litecoin (LTC/USD)

Hello, dear members of LeoFinance!

Today I will comment on the price of Litecoin, because the chart of LTC/USD was relatively boring for quite some time (just moving sideways), and now it seems that the situation may change.

So, in the monthly chart (MN), it looks like LTC/USD is trying to form a Bullish Engulfing: Yeah, we have one more week till the end of the month and if a Bullish Engulfing forms, then I will buy some Litcoins and hodl them, because it may turn out that this is the end of the consolidation and a beginning of the long-awaited uptrend!

To be continue ...

So, fellow LeoFinancier, what do you expect from Ethereum in the near future?

p.s. at the time of writing one Litecoin costs $59.31, 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 trades, investments and etc.

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📈 Daily TA: Litecoin (LTC/USD) | 24-10-2020