Litecoin LTCUSD NEUTRAL 1 HR Chart possible trendchange to Long

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar

Hello to all watching my charts.

Lets today have a new closer look to Litecoin LTCUSD

2 things are to mention

1. We are with both channels again in a short situation

2. At the moment i write this down we have a chance for a new setup

to long IF:

At first resistance 122.60 will be broken

(first resistance from yesterday post has been taken out
118.00 BUT than we unfortunatley have seen a fall with a lower low)

(my higher black line ) AND of course

we will not see any lower lows in the meanwhile

or in other words

The lower black line must hold.

And the blue trendline long which is little bit broken must be

entered to higher prices again.

I am afraid the last condition will be not set up

and the pair will stay in my short channel to lower prices.

Than next hold would be (low from yesterday) 113.00

and also lows from 28.6. at 112.00

below that we wil nee a nirvana..

Under the line: The Setup is very unclear.

If the pair will start to my blue arrow aerae of course

we wil be in long status again.

Good trades

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