LTCUSD: ROUND BOTTOM REVERSAL???
Updated
There appears to be a round bottom that has formed on the 1D, 3D, and 1W chart for LTCUSD. This may indicate a long term reversal is coming; however, we need confirmation when there returns an uptrend and the resistance at $63-64 area is broken. I anticipate there will be some continued down trend in the mean time that may even form a "cup and handle" and again would need to confirm as an uptrend when there is price breakout above the top of the cup. Also, we might see some sideways consolidation for a week or two if a handle forms and then a big pop up over the $63-64 resistance level that I think would be very indicative that we are in an uptrend. Alternative, there is still a chance this round bottom fails and LTC continues to fall, but I think we are very very close if not at the bottom of a reversal already based on the Hull moving averages. Also, There is a chance BTC continues to fall and as it always seems, LTC will lead the way up with a concurrent long term up trend occurring in the LTC/BTC chart as well. Not trading advise but a mystic vision. Good luck ya'll.
Note
YES! I THINK REVERSAL CONFIRMED!!!Note
Well nice pump while it lasted eh?
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