LTC/BTC pair shows bullish signals.
Breaking out of a descending channel we were in for the last couple of months,
While in that channel MACD daily gave strong bullish diverge signals.
If price manages to stay above 0.007 BTC it will head towards higher levels .
Taking profits out at 0.5 fibo from 0.012171 high to 0.006061 low which is at 0.009084 BTC and 0.009837 BTC price, good chance to accumulate some BTC .... as long as BTC which floats on dangerously low volume the last week, wont tank
History proves that each time BTC makes a huge move to the downside altcoin market follows regardless what the BTC pairs charts indicate ,so extra caution with stop losses required on this type of trades.
Breaking out of a descending channel we were in for the last couple of months,
While in that channel MACD daily gave strong bullish diverge signals.
If price manages to stay above 0.007 BTC it will head towards higher levels .
Taking profits out at 0.5 fibo from 0.012171 high to 0.006061 low which is at 0.009084 BTC and 0.009837 BTC price, good chance to accumulate some BTC .... as long as BTC which floats on dangerously low volume the last week, wont tank
History proves that each time BTC makes a huge move to the downside altcoin market follows regardless what the BTC pairs charts indicate ,so extra caution with stop losses required on this type of trades.