BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Here's my POV:
LTC is consistently refusing to leave the bullish channel , orbiting around the pivot and bouncing off the support & resistance prongs.
Volume momentum repeats price movements, and volume amount is balanced and shows clearly visible pattern.
Recovery after each previous jump took around 4 days, the next pump is likely to happen at 12th of August (in 38 hours) or a bit later.

Update: volume oscillator shows a big momentum jump, I am afraid it can hurt the trend direction... RSI indicates "oversold" though.
Comment: RIP volume.
Comment: Volume begins to rise!
Comment: Chikun will do this.
Comment: Testing the support prong...
Comment: Watching carefully...
Comment: We're back above the support.
Comment: Aaaaaand it's gone.
Comment: Well, did jump! In opposite direction, though :P
Comment: Okay, this prediction is a bit inaccurate, but I think it's possible for LTC to rise in coming hours because of the BTC dump. Godmode&LSMA indicates bullish move.
Comment: Rest in piss, Chikun... :(
Comment: Chickun to the moon!

Comments

still trust in bullish channel? go chikun!
+1 Reply
MutexLock1 CRYPTOBWOI
@CRYPTOBWOI, nah, my theory failed completely :(
Reply
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