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!
Happy trading everyone!
-As I am typing this LTC is showing strong volume and trying to breakout, hope everyone is paying attention!