Golden cross, and support on the way for LTC/BTC

We may see a nice uptrend for Litecoin/Bitcoin price. We can see the 20W MA has crossed the 50W MA, known as a golden cross, this is a strong indicator for an uptrend. We can also see support coming at the 2/1 Gann line. With bitstamp around the corner we may see Lite coin get very close or even surpass its ATH versus BTC, not with some resistance, however, I expect a test around the 0.0117 level.

Commentaire:

We can see this trend is confirmed, BTC dropping massively. Litecoin also dipping a bit, posted a chart yesterday indicating a short position on litecoin but deleted it to post this one, regret this greatly now. Anyhow, if we see a Bitstamp launch and the current trend continuing we may see some new highs here

Commentaire:

Bitstamp has hinted that it will laurels launch Lightning network with litecoin launch, check out their latest tweet and decide for yourself :)

Commentaire:

We can see the uptrend pattern has broken a bit, I expect to see some sideways movement, maybe some small dips before a nice rise next week.