RATE Group | Litecoin Prints Array of Buying Signals, and That’s Massively Bullish for Crypto
80614
post-template-default,single,single-post,postid-80614,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Litecoin Prints Array of Buying Signals, and That’s Massively Bullish for Crypto

24 Feb Litecoin Prints Array of Buying Signals, and That’s Massively Bullish for Crypto

Posted at 04:09h in Bitcoin News by

[ad_1]

Despite the brutal retracement the cryptocurrency market saw this week, a top analyst is getting bullish on Litecoin, citing an array of technical factors.

While this may not seem relevant to many readers, as many of you may not trade or own the altcoin, LTC’s directionality could have a strong effect on the rest of the crypto asset class, Bitcoin included.

Related Reading: The Simpsons Just Ran a Bitcoin Segment, and Crypto Twitter Is Raving About It

Litecoin Prints Number of Strong Buying Signals

The pullback in the cryptocurrency market hasn’t fazed analysts.

In fact, a popular trader, Byzantine General, is extremely optimistic about Litecoin, a cryptocurrency that has gained around 95% this year — outpacing BTC by 100%, though underperforming Ethereum and the Bitcoin hard forks.

In an analysis published Sunday, Byzantine General pointed to four technical factors suggesting LTC’s long-term price trend is looking surprisingly bullish:

  • The one-week Moving Average Convergence…

[ad_2]

Source link

Tags:
, , , , , , ,