LTC Hot Spots
Updated
Just some simple lines to keep track of LTC!
Trade active
Its LTC's turn in line!
Orange lines are support.
Blue lines are resistance.
Green vertical lines are beginning of bull wave.
Red vertical lines are beginning of bear trend.
50 day orange moving average
20 day blue moving average
This support has really been performing well.
Expect people to take profit or break even at the first resistance line from people who bought between 03 - 20 and 03 - 24 of March. From there we have a nice step up.
I expect positive movement by April 19th at the latest.
I am calling this will go up from here.
Now what could throw a wrench in our plans is BTC. We are in a weird spot right now and honestly if BTC dumps hard, market sentiment will come down. Including many of the buyers we need to get LTC going in its next wave. I am leaning towards LTC going up because the last couple days have been bullish in the crypto sphere.
But why has it not had its share of growth? Well it has! In two days it is up 17%!
Entry here is not bad. Only 10% up from good support. It has had a 45% retrace from last notable hour chart high.
I myself have been holding my bag since my suggested entry price of 145.00 which is currently at a loss of 13.55 percent. I didn't sell at the support hoping it would hold and it has.
If you have not entered you may want to see what BTC does first.
Here is an hour chart :
It certainly can go back and continue channel. If we continue to squeeze in the wedge it is just a more bullish sign!
My gut says we will see another 24 to 48 hours of sideways movement then up. That will confirm the recent growth healthy and bull flag formed.
Then signals for LTC will show up and some volume interest will be formed.
This is financial advise. 90% of the time I am 50% right. Do the math!
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