LTCBTC - Daily MA Edge to Edge trade

LTC is heading towards the daily MA cloud where an edge to edge trade is in play. I will be waiting for a close in the MA cloud and bullish momentum to show continuation before looking to open positions.

LTC has recently attempted to pierce through the MA cloud and failed. The fact that it's attempting it again is indicating a volatile move, this one could be a quick trade.

I will be watching this one closely as it looks to me like BTC is gearing up for another bull run and usually ALTS will stagnate while BTC makes new highs.

Order avbruten:

A bounce off of the Daily MA cloud instead of entering it is a good indication this trade may not take place.

I will be waiting for BTC to finish making new highs.