MoonPickle
Long

LTCUSD channel to new ATH

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Getting battered by the BTC correction. LTC needs to stay in the blue channel to maintain upwards momentum
Comment: shook out a lot of weak hands, approaching lower 4/1 - 8/1 channel to resume upward movement

expecting LTC to go in and out of the defined channels during the weekend, no worries
Comment: MACD crossing over very soon, which will send LTC back in the blue channel
Comment: approaching blue channel again - largely dependent on BTC price action for a breakout. unfortunately
Comment: breaking into 70 range
Comment: consolidation in the mid-70 range before breaking through 80+

LTC in blue channel with solid momentum
Comment: Updates here:
Comment:
Comment: In the 90s range:

Trade closed: target reached: =)
and now, what do you think?
Reply
MoonPickle MarcioNeiFilagrana
@MarcioNeiFilagrana, LTC is back in the blue channel and is in the projection to resume upward movement. it is also at the point of several intersects, with gann supports (horizontal and vertical) holding very well.

it could range a bit over the weekend before resuming upward movement.

though if btc corrects further, it could take the coin with it. if that happens, which is likely, it will simply bounce back
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