LTC might not be done consolidating. There could be one more down leg.
Do to the increase in , I bought back.
There was that bounce off 205, where buyers had their knife catching gloves on.
Unless buyers start stepping in; keeping the price above $200, LTC might have a little more consolidation.
I just drew a projection. That is a 60% probability target. It is also in line with the accending .
Good luck all. and thanks for your support and comments.
Next area of support is 199.60. I will be entering 1/3 position with a tight stop. If it crosses 212 and move up again, it will be considered a break-out of the structure.
For now, I did take a couple trade but sitting in cash for the most part.
Thank you and good luck all.
The breakout has happened now that support is above 212. Stops are again at 211.99. I trade short time frames like 3 and 15 min. With BTC breaking out, and BCH I'll bet trading between the pairs and not trade for USD.
Thanks for reading, Ill be posting the LTC/BTC and BCH/BTC charts in a bit.
... I just sold LTC for USD to buy BCH, Stay tuned.