I consider Litecoin one of the top three currency with Bitcoin and Ethereum regardless of market cap. It has more adoption as a currency then most other altcoins. I look at the BTC pairing here and the monthly and weekly charts are slightly regaining strength but kind of sideways. I hope for a stronger uptrend in the future so I am looking for an entry to start accumulating this coin.
We have come off some support off the lower bollinger band and a prior area of support near 1585910 SATS. the BB% oscillator is showing a positive bounce and trend change and the AC oscillator is heading to cross the zero line. I am looking for a break in the channel with a continued trend on the BB% and the AC oscillator to cross the zero line. Once we have a daily closing candle outside the channel, may look for an entry, though the 20 period moving average may show some resistance, may have to wait for that line to break.
We have come off some support off the lower bollinger band and a prior area of support near 1585910 SATS. the BB% oscillator is showing a positive bounce and trend change and the AC oscillator is heading to cross the zero line. I am looking for a break in the channel with a continued trend on the BB% and the AC oscillator to cross the zero line. Once we have a daily closing candle outside the channel, may look for an entry, though the 20 period moving average may show some resistance, may have to wait for that line to break.