After a huge dump about -7% down, the market rebounded quickly putting me now at $155.39, ultimately waiting to go full swing ahead and make a profit with a risk reward ratio of about 4. It will take about 4 days to reach the 5th final leg of my projected cycle. Using Fib retracement levels I was able to project and model similar past play patterns and behavior for the last two cycles as described on this video.
For a moment, I thought there was gonna be a huge massive correction like the one we have been expecting, but thank goodness that didn't happen right now. But it did dump on me! Recovery is underway and I will update this trade if I get at min 20 likes.
CryptoBuzzAnalysis loves ya!
PS: This is not financial advise, this is for education purposes. You must perform your own TA and perform your own risk management above anything else. Protecting your capital is first, making profit is second! That's how I see it! If you loose all your money than you can't play, and ladies and gentlemen this party is just about to get started for this year. Good luck!
(Give me a like and join my channel to see how I profit and what I up too everyday)
It continues to struggle to break the $155 price mark, and hopefully on this 2nd wave it will push through that, making its way to $160 as predicted!
24 hr volume is $347,774,000 USD
Overall since April 11th, for about 10 days, the OBV- On Balance Volume shows increasing buying volume. Taking a halt on April 21st, then leveling out for about 10 days or so as well. We need to see the OBV rise steadily again.
LTC is staying 14 dollars above the 200 MA level. Decisively, in between the 50-100 MA seems to be the middle ground consolidation range for the next few days on LTC.
If it breaks down and thru the heavy support of $141, then it will spell really struggling trouble for LTC. Watch BTC since LTC does not run independently on its own!
Special Note: A falling wedge as you see on this TA indicates a Bullish Reversal Overall. I believe the price of LTC will bounce back up.
PS: This is not financial advice and only for education purposes. Perform your own TA!
If you learned even one thing, then like my TA and follow me to support my channel.