- November 20, 2020
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is a simple comparison on LTCUSD of the current cycle with the previous. As seen on the chart, on March 2017, Litecoin broke above the accumulation sequence that was contained under a Lower Highs trend-line and that 1W candle was what kick-started its parabolic Bull Run.
Right now the situation is exactly the same. The current 1W candle is the strongest since April 2019 and just broke above the Lower Highs trend-line with the MA50 well is support. Can this be the start of the new parabolic run?
This is something I looked at last time in September:
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