LTC had a massive sell which in fact didn't compromise any significant lines. It still has a major long term pattern which may lead in weeks if not months of rising.
Current setup is a chance for LTC to revisit the first small resistance zone .
Current setup is a chance for LTC to revisit the first small resistance zone .
Comment:
I meant "Bear Flag" not just "bear" :)
Trade closed: target reached:
My first target was reached!
Now I am closely monitoring for next trade target.
Now I am closely monitoring for next trade target.
Price still in tact with current structure. The small consolidation takes place.
There is a small confusion in my opinion that it forms "bear". Most probably the bears will try to break but I doubt to be a big attempt.
The direction is known! Long term buy!