Binaryless

LTC - A dolphin jumping off the waves

Short
Binaryless Updated   
BITFINEX:LTCUSD   Litecoin
- Same jumping pattern since the bottom.
- A jump is ~25 days in length. We are ~10 days into last jump.
- Before breaking $100, higher possibility of visiting $70 area.
- 55 day EMA acts like a jumping point. Last jump might dip its head a bit lower.
- Traders are flocking into not-yet-popped coins. Less attention, less energy.
Comment:
I still think $LTC is highly likely to test support at $68-70.
6H MA has been acting as a resistance for a while.

Comment:
That $70 test got bought up relatively quickly, yet I think it will re-test $70.

Comment:
So $70 seems to be holding. I'm longing around $73 with SL $68 targeting $85.

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