Quick Litecoin analysis before bedJust putting my 2 cents about the Litecoin market after watching it for most of the day. Using trendlines, support/resistance levels, and some Fibonacci lines. Got some of the price movements correct for a quick swing trade I did not execute(A lot of fear due to the long term charts, I believe signalling a up swing rather soon). Practicing for the larger swings for when the bulls take back over and my account isn't completely dependent LTC being above 220/USD.(Rookie mistake, but a mistake none the less)
I would like to see some constructive criticism or praise and speculation
TRUE
TRUEThis stock is gaining traction and has a nice pattern on weekly and with the breakout and santa rally has moved well. You can take the trade now within 5% of breakout or wait for a sell off test of the breakout area. Either way one to watch. As long as using good risk mgt you can take advantage of moves...