LTC looking for a break we have now been in a downward trend for a few days, we are now in accumulation within the red channel the longer we are here the bigger the break.
I will not be trading LTC until we confirm a breakout it could be days, weeks but once we close above the red line on top of channel its a buy.
Current resistance is the 20 day EMA at .0186
RSI needs to break redline and hold above as the first signal to then monitor for the break and candle to close over the red line.
I will not buy until a candle closes over the top of .0186
If your holding LTC expect some sideways action I would personally exit and renter later to not have funds tied up dead.
Looks good. If you ever need a place to share your ideas, check out reddit.com/r/litecointraders . We're pretty new but we're interested in this kind of serious analysis.