TheChartGuys

LTC Daily Trend Close to a Change

COINBASE:LTCUSD   Litecoin / Dollar
Similar to BTC             , the LTC bulls are trying to form a higher low and higher high on the daily chart .
The bulls are shifting momentum back in their favor and it could be marked with a daily bull MACD cross as well.
The daily MACD is what gave confidence in ETH to hold from $775 to the $900s.
Correlation to BTC             still present, which is good for the bulls when BTC             is making the same bull break and shift.
I currently have smaller swing positions in both LTC and BTC             and will be holding them until we lose 4 hour higher lows and up trends.
Both are due for some healthy hourly consolidation after breaking out the last few hours.
Target is BTC             all time high, LTC $300 but it will likely take a few days at the earliest.
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