I like charts like this LTC chart here. It gives a high probability that if we move in a certain direction that we will continue to do so.
If we take the last percentage that LTC went up by and apply that to the next run, we get a hefty move all the way up to almost the $250 area. Maybe that will happen, but a significant resistance point is at $200 where I think we will get a pullback or at least stall at that area.
Weekly MACD = Crossed.
Weekly RSI = Created a higher low and is moving up
The overall chart created a higher low
happy Hodling,
-Sherem
If we take the last percentage that LTC went up by and apply that to the next run, we get a hefty move all the way up to almost the $250 area. Maybe that will happen, but a significant resistance point is at $200 where I think we will get a pullback or at least stall at that area.
Weekly MACD = Crossed.
Weekly RSI = Created a higher low and is moving up
The overall chart created a higher low
happy Hodling,
-Sherem
Comment:
Nice pop, we are confirming a major move is in the works.
Trade active:
Still holding.
