RATE Group | Crypto Analyst Says This Altcoin Just Turned Mega Bullish – Here’s Why Bitcoin (BTC) Cou…
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Crypto Analyst Says This Altcoin Just Turned Mega Bullish – Here’s Why Bitcoin (BTC) Cou…

25 Feb Crypto Analyst Says This Altcoin Just Turned Mega Bullish – Here’s Why Bitcoin (BTC) Cou…

Posted at 01:35h in Bitcoin News by

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With the crypto markets once again correcting and Bitcoin (BTC) in the $9,600 area, a popular crypto analyst says Litecoin (LTC) is looking increasingly bullish.

The pseudonymous analyst who goes by the name Byzantine General says Litecoin’s price action may once again foreshadow where the market at large is heading, as it often did throughout 2019. The trader is highlighting four technical factors that he says look bullish for the sixth-largest cryptocurrency by market cap.

According to Byzantine, Litecoin’s weekly moving average convergence divergence indicates a positive shift in momentum is underway. In addition, the one-week Ichimoku Cloud is in bullish territory, LTC has flipped a key level of support and resistance at $61.72 and the crypto asset’s weekly supertrend is now bullish.

The trader says LTC needs to stay above the $66 area to remain in bullish territory. At time of publishing, the crypto asset is down 5.34% at $74.32,…

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