Golden Cross formations for Litecoin have been rare despite having been in the market for over a decade. There have only been two Golden Cross formations in the history of the cryptocurrency, meaning that this occurrence of this formation carries significant implications for the price. The Golden Cross formation happens when the 50-Week and the 200-Week moving averages cross each other, beckoning the return of the bulls.
However, something worthy of note is the fact that the Litecoin price rallies have always happened before the Golden Cross formation was complete. Given this trend, it is possible that Litecoin is on the cusp of another major price rally before the formation is complete.
