if you hodld this little coin over from last year your christmas came early (like 355 days early). we have seen a nice bull run after that 225$ resistance and down trend combo breach, but i think that good news will stop for now, we are at another very persistent resistance that might bounce our coin back down to that 225$ mark. but before shorting wait for conformation.
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previous idea (i am liking past ideas so you can see how TA evolves and changes over time and new information):
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LTC is doing amazingly well, but i just cant imagine that it could go any higher, volume is way too small. guys and gals do as you wish so you will not blame me if it goes up even more. i closed the trade for now
Hopefully you will eventually write the same "sorry...." comment you wrote in your last post. Hoping Ltc continues to break resistants. Agree w your resistants becoming supports (and vice versa) idea
bedarija
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@EtherSwinger, what i want for everyone is it to make money, so if my sorry i was wrong will bring you more cash i am ok with it =) but LTC finally halted and we need to wait for another information, this could either be:
-slowly falling down
-double top
-breach support and bull run
i would say double top is most likely
EtherSwinger
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@bedarija, are you calling for the potential double tops in the low 260's?
It's a possibility if we don't have volume, decreasing momentum, and if Ltc decides to follow Btc again as Btc struggle to break its current downtrend resistance
bedarija
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@EtherSwinger, see double top than fall back to 225$. but sadly volumes are not getting any bigger, and i am afraid we can fall below 225$ again, with cardano, NEM and stellar people might switch from LTC to other alts
EtherSwinger
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@bedarija, your double top scenario played out. It looks to be heading back to 200