BTC has been moving on up since breaking resistance over the past week. If we can hold support, we'll be well on our way back to $20k+. :)
Bears and bulls at each other's throats right now. Volume decreasing, and price just barely dipping below wedge support. This could breakdown to the first swing low of ~$11,060 or further to second SL of $9650 making for some nice entries for a long position. Shorts should look for some more bearish confirmation before taking a position.
Still relatively new to TA, so if anyone sees a misinterpretation here, feel free to call me out. However, it looks like we may be due for a continuation of the uptrend if we can breach the resistance of the pennant, followed by that of the flag. New ATH possible if we get a successful breakout from the main flag here. MACD looking like it could go either way,...
Now trading below 50-day moving average. Broke channel support briefly a couple times; having a harder time touching resistance. Looks like the bears have the upper hand right now. If we see a bigger breach of support, price could be set to move lower towards the 200-day moving average price of $93. If you like to buy and hold, consider buying in around current...
Looks like cup and handle forming, might be due for a short-term breakout.
Short-term looks like LTC might move lower. Support around $93 on 20-day EMA, and $90 on 50-day EMA, might we a good price to get in at. If we break resistance near $100, it could be set to extend the rally. Looks like a cup and handle might even be forming, indicating a further potential extension of the rally.
Current support around 9800-10k. MACD starting to widen again. Bulls might be taking the lead again here.
Looks like this dip might continue a little longer...
LTC closing price still hasn't broken support of current trendline .. Would definitely keep on eye on it.