Here's my POV:
LTC is consistently refusing to leave the bullish channel, orbiting around the pivot and bouncing off the support & resistance prongs.
Volume momentum repeats price movements, and volume amount is balanced and shows clearly visible pattern.
Recovery after each previous jump took around 4 days, the next pump is likely to happen at 12th of August (in 38 hours) or a bit later.
Update: volume oscillator shows a big momentum jump, I am afraid it can hurt the trend direction... RSI indicates "oversold" though.
LTC is consistently refusing to leave the bullish channel, orbiting around the pivot and bouncing off the support & resistance prongs.
Volume momentum repeats price movements, and volume amount is balanced and shows clearly visible pattern.
Recovery after each previous jump took around 4 days, the next pump is likely to happen at 12th of August (in 38 hours) or a bit later.
Update: volume oscillator shows a big momentum jump, I am afraid it can hurt the trend direction... RSI indicates "oversold" though.
Note
RIP volume.Note
Volume begins to rise!Note
Chikun will do this.Note
Testing the support prong...Note
Watching carefully...Note
We're back above the support.Note
Aaaaaand it's gone.Note
Well, did jump! In opposite direction, though :PNote
Okay, this prediction is a bit inaccurate, but I think it's possible for LTC to rise in coming hours because of the BTC dump. Godmode&LSMA indicates bullish move.Note
Rest in piss, Chikun... :(Note
Chickun to the moon!
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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.