Larger time frames are always good to look at when viewing crypto charts.  It can often give you a clear snapshot of price direction on a whole.

That is why I want to point out what is developing on the Litecoin Chart

## Bullish U-Turn Forming

Being we still have a couple days left in the month I will not count my chickens before they hatch, plus this is always just a bullish signal, it does not guaranteed anything.  It just puts the odds in favor of that outcome.

Check out the chart......
![Capture.PNG](https://cdn.steemitimages.com/DQmdCYj6hviRD3s3Qp7ZoWrgQu5rgfH5q27QJKff4mbDSqp/Capture.PNG)

The area highlighted in gold is what I am speaking of.  

A bullish u-turn pattern occurs when there are two of more down candles followed by a candle that pushes below the prior candle's low but rallies to close above it.

As you can see the candle for the month of October is doing just that.  I'd prefer to see the candle close above 60 so it gives us more of a hammer like candle as opposed to a doji (indecisive candle).

Either way, some bullish action may be on the horizon...even if it is just a bounce on the monthly - that equates to a large move on the daily.

We shall see!