LTCBTC - consolidation before breakout
So I hear a lot of people talking about how LTC is going to crash because it failed to breakout last night. They are on 1 minute candles - cocaine candles we call them.
Last night wasn't a breakout, because LTC is not trending. It is consolidating. And it is reaching the end of it's consolidation phase.
Buy the support (purple box) with a stop-loss at 215 (conservative) or 200 (riskier).
Last night wasn't a breakout, because LTC is not trending. It is consolidating. And it is reaching the end of it's consolidation phase.
Buy the support (purple box) with a stop-loss at 215 (conservative) or 200 (riskier).
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