ridethepig

ridethepig | LTC Market Commentary 2019.12.30

Long
COINBASE:LTCUSD   Litecoin / U.S. Dollar
A highly interesting and hopeful end to the year for most Cryptos with BTC , EOS , ETH and LTC in particular all holding support as the main highlights. It's a quieter start to the week though, with no notable data or Crypto driver today, but we do have the ripple effect from the USD devaluation theme and the increasing reflationary risks already showing signs of spilling over into Crypto that is very much on the table.

The nucleus of momentum is from BTC demand combined with a double possibility of technical manoeuvres to absorb any remaining late sellers. This linkage is in 80 cases out of 100 worth trading, even after the defensive nature we can continue moving troops towards the border:


The construct of the long-term flows must not be forgotten, or else the threat of the creation of doubt would become to irritable. Take for example:


Bulls are threatening to interrupt the lines of communication between Support and Resistance , all things being equal, the attack is quite strong. Therefore I can see the necessity of fixing our opponents mistake of going overboard into support (i.e as highlighted in the LTC chart above. Participation feels low at present, with focus elsewhere it is the perfect opportunity for large hands to load.

As usual thanks so much for keeping your support coming with likes and jumping into the conversation in the comments!

Comment:
Comment: A monster break !

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