EricJGoforth

LTC Establishes a proper channel / Moderately Bullish

Long
BITFINEX:LTCUSD   Litecoin
9
LTC has been in the spotlight lately; and although I generally think it falls into the same space as any oter Alt (dead in the long run); it never hurts to know when to ride or bail.

A very well defined up channel has been setup with plenty of validation; over a number of days. As with ALL LTC pumps; they always fall into a nice slow and predictable downtrend; followed by a number of smooth uptics in the channel. Use those interim channels to guage when they are going to move in the main.

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