Has #LTC bottomed?
It seems that it was going down and then after my previous post about #LTC I no longer knew or understand what it was heading. It was clear that I was missing something out there and I couldn't see it. I then went back to see the 1 hour chart, 4 hours chart and then decided to jump to the monthly time frame and come back to weekly and then daily. I discovered that there was a level in the monthly time frame that was tested and respected in the weekly and daily charts and that was clearly the bottom of the descending wedge that was longer than expected. After that level was tested a recovery started and it has been trading within a descending channel that can be seen in the 4 hour and 1 hour time frames which I believe will go as high as the previous monthly level that 0.00756 BTC and if it successfully pass through it the move will continue, if it fails to gain that level it might resume its downward direction.
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