Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.
Litecoin (LTCBTC) Chart Analysis Chart:
Here we are looking at 5 consecutive green candles to start.
LTCBTC now trading above EMA10.
Bitcoin consolidating (good for altcoins).
Bullish divergence with the MACD.
Strong RSI.
All targets and additional details are shared on the chart.
Feel free to leave a comment for any questions.
This is not financial advice. Thanks a lot for reading.
Namaste.
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We hit perfectly our first target... More profits to come... Thanks for the support...