Bullish on LTC... Am I crazy?
Updated
Looking at LTC the classic falling wedge pattern is very clear..Price has fallen to a 75% fib retracement and hard bounced off the support level which tells me the market is very interested in the 100 dollar coin range. There is also a Kumo twist forming on the Ichimoku Cloud, if able to push through will be an very bullish indicator. I will be looking to enter the trade once price either bounces again off support with stop loss or once price fully breaks out of the upside of the wedge..update soon!
Trade active
LTC bounced hard again off the 100 support line..There is also a Bullish Divergence taking place on the 4 hour. Setting stop loss under the 100 dollar support.
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