LTC going to blow off ?
Updated
Same as the TRX Chart, the Daily Chart was not that much inspiring to me. There is a lot of information on that chart. We can see LTC broke up from the smallest Descending Triangle & broke a resistance line (0.006520)
I expect LTC to cool off a bit because the RSI starts being overbought, but LTC is bullish here and will probably break the biggest Descending Triangle.
If I were to long this, I would wait for the 2nd Triangle to break and start longing with more safety. However, if LTC fails to break that triangle, we might see lower levels.
Important prices to watch:
I expect LTC to cool off a bit because the RSI starts being overbought, but LTC is bullish here and will probably break the biggest Descending Triangle.
If I were to long this, I would wait for the 2nd Triangle to break and start longing with more safety. However, if LTC fails to break that triangle, we might see lower levels.
Important prices to watch:
- 0.00645 (broken resistance turning into support)
- 0.0069 (1st Resistance)
- 0.0071 (2nd Resistance)
Note
Chart update:[img]
Trade closed: target reached
2nd Target reachedTrade closed: target reached
Trade from last week is now closed after reaching the 2 targets successfully for a 9% profits (or 15% if you waited for the top).I would not enter in a trade on LTC right now because of the daily candle closed yesterday, showing a Doji. A Doji can indicate the end of a trend (bull here).
Not enough demand higher than 0.0071 sats. leads to an instant pulback.
[img]
Note
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