Short term short opportunity has presented itself in the form of a SHS pattern, which formed as a result of the recent upswing in price and volatility. Neckline to peak measurement suggests we could retest $42.29 (.236 fib level). However, I believe that support at the $44 level will hold, and serve as a base to continue the climb upward. Based on LTC's past trading patterns, we could see a new trading channel forming between $45 and $55. My overall sentiment for this market is bullish, and I suspect a retest of the ATH by week's end.
Disclaimer: Do not base your investments off of my TA alone, do your due diligence and make your own decision.
LTC tip jar: LWVxqWdJsKPSriBjqTjWieKH3fZPd12oiC
BTC tip jar: 16QTC3Z6R8BsRqSL5GKEeiXNjjgn1yYQjJ
ETH tip jar: 0xf6EDd54095c656d38Ae1cF7D579926845B6307ed
Disclaimer: Do not base your investments off of my TA alone, do your due diligence and make your own decision.
LTC tip jar: LWVxqWdJsKPSriBjqTjWieKH3fZPd12oiC
BTC tip jar: 16QTC3Z6R8BsRqSL5GKEeiXNjjgn1yYQjJ
ETH tip jar: 0xf6EDd54095c656d38Ae1cF7D579926845B6307ed