LTC got some attention lately with Segwit which led to the price rocketing.
Last few days it went down and consolidating nicely on the previous resistance which turned into support.
I think we are going to see one more try at 0.02 (exit pump) and then correction to his original channel.
This is not a trading advice, just a personal TA and opinion.
Please feel free to comment and let me know what you think.
Trade safe.
Last few days it went down and consolidating nicely on the previous resistance which turned into support.
I think we are going to see one more try at 0.02 (exit pump) and then correction to his original channel.
This is not a trading advice, just a personal TA and opinion.
Please feel free to comment and let me know what you think.
Trade safe.
Note
Bears were strong on this one. Might have under estimated the bottom of the H&S, it might even go down to the trendline before bouncing up. Be careful on this one.
Safe entry above resistance (0.017 ish, top would be around 0.02)
Note
H&S didn't work out (i don't like this pattern to be honest).My second idea about going down to the trend line before bouncing up is actually happening. It could stay a bit on the trend line before trying to shoot up tho.
Safe entry above resistance (0.017 ish)
Order cancelled
I have no idea on what's going on with LTC. Defying logic.Will do another TA later on.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.