LTC did it's usual yesterday and came hurtling down after breaking $72 for the first time since hitting it's ATH a couple months ago. Nonetheless, we're way above the weekly uptrend line and a run up is still looking feasible. As I'm typing this LTC is making an attempt to break out of the short-term channel it's been trading in. If it breaks upwards, targets...
LTC went ultra-bullish earlier today, but came hurtling back down from our old nemesis of $67. A descending triangle has formed on the 15m since then and we're about 2/3 of the way through - the point at which these usually break down if they're going to do so. EMA/SMA cross and MACD all point towards further downward movement. RSI puts us into oversold...
LTC had a good run today and it may or may not be over. We're at the bottom of the upward channel on the 1h so it's decision time for LTC. The order book is thin in both directions so it could go either way, but it's looking more likely that we'll see a break downward, especially with BTC looking like it's eager to make another run at the ATH soon. Should we...
Lower highs and a solid support line at 0.295 are beginning to form a descending triangle on the 15m chart. Watch for a break of the triangle in either direction.
