LTCUSD Coil reaching breakout - up or down?
Updated
Perhaps LTC is reaching the breakout stage in a coiling process?
There is a recent crossover in the MACD lines, but there have been a couple of those that came to nothing in the past two hours. Perhaps a breakout in an upward direction? Though there do not seem to be a lot of bulls around right now.
There are some signs of a larger scale coiling on the one day chart that would come to a head before the 20th January, so this smaller coiling may have more power behind it; perhaps a large breakout is coming - up or down?
There is a recent crossover in the MACD lines, but there have been a couple of those that came to nothing in the past two hours. Perhaps a breakout in an upward direction? Though there do not seem to be a lot of bulls around right now.
There are some signs of a larger scale coiling on the one day chart that would come to a head before the 20th January, so this smaller coiling may have more power behind it; perhaps a large breakout is coming - up or down?
Note
Dip below support: a spring before an upthrust...Note
There it goes...
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