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More_Prophet
Dec 15, 2017 2:01 AM

LTC/USD channel or breakout... 

Litecoin / U.S. dollarBitstamp

Description

Looks like channel so far on the 30min chart
Comments
owebb22
thoughts right now?
More_Prophet
@owebb22, The gap up looks promising. Nothing in divergence at the moment to confirm how bullish this move is.
More_Prophet
@owebb22, I think longer term it's going to stay in the channel for a while. It's going to be along the top side and oscillating between the edges unless a whale takes a belly flop and creates a splash wave. ;)
Box1515
I'm looking at $240 for a reversal. Maybe $250 if the psychological number outweighs the technical number. :p
More_Prophet
@Box1515, Sounds pretty good, I'm watching that bright green line ;D price will probably stay in the channel for a while tho...
techhnyne
looks correct, what do you think indicators will look like in which direction it will go
More_Prophet
@techhnyne, I'd watch for divergence in any oscillator and at a shorter timeframe than 30min. I also watch price action - dojis and hammers for a reversal.
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