Litecoin Sell Off Absorption
Updated
Hi friends! Welcome to Poop's Update on Litecoin
We have seen the market go against my recent analysis on
TRX and 
BTC, that"s the beauty of trading, you can't win them all. There will come a point in your life where the market will slap you on your face but that's life. We won't blame it on manipulation, we move on to the next opportunity.
Recent developments showed a huge absorption of supply on LTC, the past days. Huge volume was seen as LTC rejected further sell off as BTC defied a divergence signal that propelled BTC to break 7K mark.
This price action on LTC further showed a hidden bullish divergence continuation signal which could potentially breach the resistance of the previous high. In comparison, we have seen this similar signal onTRX however, however TRX failed to show volume during the brief bounce. We will likely see a huge rally on LTC. Conservatively I'm looking at around 25% to 50% rally of the current level.
That's it friends, I looking forward for your comments on this analysis.
A definition of terms on the labels included in the chart is at the bottom, for your appreciation.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
We have seen the market go against my recent analysis on
TRX and BTC, that"s the beauty of trading, you can't win them all. There will come a point in your life where the market will slap you on your face but that's life. We won't blame it on manipulation, we move on to the next opportunity.Recent developments showed a huge absorption of supply on LTC, the past days. Huge volume was seen as LTC rejected further sell off as BTC defied a divergence signal that propelled BTC to break 7K mark.
This price action on LTC further showed a hidden bullish divergence continuation signal which could potentially breach the resistance of the previous high. In comparison, we have seen this similar signal on
TRX however, however TRX failed to show volume during the brief bounce. We will likely see a huge rally on LTC. Conservatively I'm looking at around 25% to 50% rally of the current level. That's it friends, I looking forward for your comments on this analysis.
A definition of terms on the labels included in the chart is at the bottom, for your appreciation.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
Trade closed: target reached
Precise Hit
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