Ed-Holmes

LTC the tricky bugger.

Ed-Holmes Updated   
BITFINEX:LTCUSD   Litecoin
LTC has been tricky - Suspect Primary 1 completed at the recent high of $90 and Primary 2 at the recent sharp sell off. Next up should now be Primary 3. This should carry LTC above the $100 mark and much higher.
The suspicion that all this time has been Primary 1 would explain the question as to why LTC has been lagging all others that has already crossed the $100 mark.
Comment:
Would like to see a clear break of $53 to retest resistance at $57. On a break of $57 we should see strong upward momentum
Comment:
Suspect traders have been getting out as they anticipate a crash in BTC. I suspect once BTC breaks $5000, they will all start jumping in.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.