Hi,last day in a small group,Binance co-founder He Yi claim that binance user data have been several times comparing to the data before Chinese new year. Personally I think now we are starting a bullish market.
Let's looking at the chart. From daily chart I think it's forming a cup&handle while we are just get out of the bottom.(Dubble bottom maybe in the weeklt charts.)
While the trend keeps long, we still have something to be catious. We are almost at the top of rising wedge, so personally I think we can see a correction which targets to 65$-68$. This correction is very healthy and it can also help us approach the circle to support a cup&handle chart in the future.
Also, SMA50&99a are forming a golden cross. After last golden cross, LTC gains 80%!
Let's see how's going on this time. Stay tuned. Love u guys.
NOT a financial advice.DYOR.
Let's looking at the chart. From daily chart I think it's forming a cup&handle while we are just get out of the bottom.(Dubble bottom maybe in the weeklt charts.)
While the trend keeps long, we still have something to be catious. We are almost at the top of rising wedge, so personally I think we can see a correction which targets to 65$-68$. This correction is very healthy and it can also help us approach the circle to support a cup&handle chart in the future.
Also, SMA50&99a are forming a golden cross. After last golden cross, LTC gains 80%!
Let's see how's going on this time. Stay tuned. Love u guys.
NOT a financial advice.DYOR.
good luck to me,100$ soon.