Now I know I am always looking at the smaller time frames as opposed to the larger time frames, but I believe you can pull lots of information out of a chart when you zoom in. As you can see, LTC has broken the last bull flag
and has started to trade in another bull flag
. If LTC were to make drastic moves upwards, like the move back in December, then you can expect an even more drastic move downwards. I think it is much healthier for LTC to pause in between resistance zones to consolidate because this shows strong support for the coin instead of just a pump. Litepay comes in a week or so and I'm excited to see what the news/project could do to the price.
Happy trading everyone!
-As I am typing this LTC is showing strong volume
and trying to breakout, hope everyone is paying attention!