So far we have discussed the long term 1 month outlook, and using the 1 hour chart, we have been able to track the moves coming out of this long term bottom on LTCBTC. In the 1 month chart, we can see the first major wave up as a straight line, but let’s break this potential upcoming move down a bit more using the 1 Day chart. The D and E pivots of the monthly squeeze are illustrated with the red arrows. The price is approaching the weekly resistance line and a break of this should set us up for our targets at .01- .012 BTC at the monthly resistance line for our first major wave of this long term trend reversal. We can reassess this chart after the weekly resistance line is broken convincingly. An entry between .0037 and .00392 might be ideal now. I am not using these charts to sell; but rather to help find entries for people still accumulating.
