Litecoin Goes Bullish Above EMA10 (Chart Mapped)

Litecoin (LTCBTC) capitulated recently and is now trying to recover... Prices are now trading above EMA10.

When we see prices move above this indicator, the green line on the chart (EMA10), we take it as our first bullish signal.

We also have increasing volume and the RSI being strong.

With just a little follow-up, we can see Litecoin moving higher up.

If prices drop and close below 0.004459, which is the last low, the above signals are invalidated and the bears/red gain back control.

We are bullish on Litecoin (LTCBTC) and aiming for MA200.

Namaste.