LTCUSD LONG
2 possible scenarios drawn on the chart
1) we break out of the descending channel and proceed to break through the following resistance levels until we hit the 225 level
2) We retest the bottom of the channel at 117 and then proceed to break upwards tackling the following resistance levels until we face the tough one at 225 will reevaluate then
MFI & RSI bounces are getting smaller and smaller building up for a move to the upside.
Indicators on the hourly / daily are oversold and selling volume is decreasing indicating exhaustion from the selling side
Get ready for a move up with week
Let me know what you think
(check out my BTC idea below)
1) we break out of the descending channel and proceed to break through the following resistance levels until we hit the 225 level
2) We retest the bottom of the channel at 117 and then proceed to break upwards tackling the following resistance levels until we face the tough one at 225 will reevaluate then
MFI & RSI bounces are getting smaller and smaller building up for a move to the upside.
Indicators on the hourly / daily are oversold and selling volume is decreasing indicating exhaustion from the selling side
Get ready for a move up with week
Let me know what you think
(check out my BTC idea below)
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