Bitcoin Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Litecoin BTC-e (BITCOIN:LTCUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for LTCUSD
The long term trend has been UP since Mar 5th, 2019 at 53.44
The intermediate term trend has been UP since May 11th, 2019 at 84.72
The short term trend has been DOWN since Jun 23rd, 2019 at 133.34
Smart Scan Analysis for LTCUSD
Based on a pre-defined weighted trend formula for chart analysis, LTCUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).