Litecoin - 300 ma bounce, whiff of bull?!?

Litecoin

So there's been a bit of a bear market recently (no shit SmilingLlama!), most days there's a new red candle, and things don't look great. FUD everywhere, not much talk of crypto in the news, and crypto Twitter is a ghost town... But, a slight bounce in the last day or so gives a slight whiff of a great big stinky bull looming just around the corner!

Moving averages, plenty of detail online, but for me, the important MAs are 50/100/200/300. Above we can see price just touch the 300 moving average and then bounce a bit. Looking at other charts at the moment, this won't always happen, some price movements dip well below the 300 MA, but, price action gets drawn to these MAs like a magnet at various points in time.

Take a look at Lisk below, this is the daily chart, zoomed out, and gives a nice example of how many times price touches/crosses the 300 moving average. These MAs can be very useful to help time your entry and exit points, especially over longer time frames.

However, until the smell of bull really saturates my nostrils, i'm not convinced that we've beaten the bears just yet. Come on big stinky bulls, come on!

Do you think things are getting Bullish again?

Thank you, please comment and upvote

SmilingLlama

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SmilingLlama does not provide investment advice, and nothing in his guides or any articles or communications from SmilingLlama should be taken as such, everything is for entertainment purposes. SmilingLlama recommends you seek financial advise from a certified financial advisor before making any investment decisions