LTC on the Daily -- UPDATE
Sunday Fun Day!
Are we having fun yet? We broke through the dreaded $35 resistance with force! LTC used that resistance level as support for the next run higher. This token is ON-FIRE! So, we will ride the wave. I hope you have been dollar-cost-averaging into the token on pullbacks! Well, as long as this coin wants to separate itself from the pack, we should let it fly away!
Outlook: BULLISH - I see an inverted head and shoulder's pattern on the daily.
We are a bit over-extended and hopefully pull back so I can pick up a little bit more. If we get to around the $50 area there is little resistance on the way higher. Do you see that rounded bottom on the chart? It is a thing of beauty! I am Long on LTC -- if you have followed me you know my personal feelings on this token. I am enjoying this ride. This is the second token I have caught neat it's short-term bottom (hopefully long-term ).
Good luck,
Biff
Are we having fun yet? We broke through the dreaded $35 resistance with force! LTC used that resistance level as support for the next run higher. This token is ON-FIRE! So, we will ride the wave. I hope you have been dollar-cost-averaging into the token on pullbacks! Well, as long as this coin wants to separate itself from the pack, we should let it fly away!
Outlook: BULLISH - I see an inverted head and shoulder's pattern on the daily.
We are a bit over-extended and hopefully pull back so I can pick up a little bit more. If we get to around the $50 area there is little resistance on the way higher. Do you see that rounded bottom on the chart? It is a thing of beauty! I am Long on LTC -- if you have followed me you know my personal feelings on this token. I am enjoying this ride. This is the second token I have caught neat it's short-term bottom (hopefully long-term ).
Good luck,
Biff
Note
In a perfect world where TA worked as it is taught, this is what should happen. I like LTC and I even like the way LTC is trading. This appears very structured and normal to me. We always wait to buy some after the pullback from a runup, because in a healthy market there needs to be a pause and regrouping so the whales can fill up before they let it rip to new higher levels. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.