LTC: Successful Break! Now Bottom Support For Continuation
LTC rose very strongly from its support at $76 and successfully broke the inverse H&S as we had analysed yesterday:
Now we have to hold the S&R Zone-previous neckline, now, hopefully our bottom at $92-95.
In the direct correlation to BTC, we have upheld 8k Satoshi, but we now have 10k Satoshi as clear resistance, which is a big S&R zone.
=> It's not gonna be easy to break this above in one push. As long as the LTC bulls stay underneath 10k Satoshi, grandpa BTC will be stronger.
Did you play this setup and made some awesome profit? If not, let me help you! ;) If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Now we have to hold the S&R Zone-previous neckline, now, hopefully our bottom at $92-95.
In the direct correlation to BTC, we have upheld 8k Satoshi, but we now have 10k Satoshi as clear resistance, which is a big S&R zone.
=> It's not gonna be easy to break this above in one push. As long as the LTC bulls stay underneath 10k Satoshi, grandpa BTC will be stronger.
Did you play this setup and made some awesome profit? If not, let me help you! ;) If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Related publications
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.