#LTC has been quite sluggish in this current #crypto spike. While some may believe that this is a bad thing, I would not doubt the LTC technicals for a second. Litecoin's move past $100 has been smooth and gradual. Like every cryptocurrency, there will need to be a pullback into the VWAP value area, which is represented by the green box on the chart. As I always say, I am here to guide you on price value and not the direction of a market. If the price moves into the red danger zone, it might be the best time to wait until price exits the area back towards $85. I will not call this a bull market, but there will be many opportunities to buy #Litecoin. The Bi-Weekly and Monthly #VWAP are still under $100, which means I will stay firm in stating we will drop below $100 between now and the end of May.
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Nathaniel - "The value Trader" Little Big Movement
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Check the current price of LTC and we are now in the value area. Price has already dropped below the Monthly VWAP and bounced back above.
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We have now moved away from the value area, which could signal a change in sentiment. 30VWMA seems to have bought the buyers back into the market but being so close to the danger zone we should all be cautious. Depending on how you trade the Danger so will be a point for another rally.
Summary: In the short term you should be looking to not be holding any LTC if we close below the 30VWMA. Long Term I would buy more if we reach the danger zone as this will provide you with a good average down.
@SpartaBTC, Look at that pull back to the Monthly VWAP (YELLOW LINE), If you would have placed a limit order around that price, you would currently be holding a small intraday profit, just from the spike.