thedailychartist

LTCUSD consolidating for a potential breakout move...

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Litecoin is acting funny IMO. Seems to have lost momentum and is currently showing bearish signals (maybe for a potential deeper correction or a re-test off that recent low at 111.00?). Looking for a breakout here but I'm thinking it can go in either direction with a 50-50 chance so not a good bet right now for me until we increase the odds a little for either direction. I've actually converted my LTC holding into another coin as LTC seems like it's going to be outpaced by other coins.

Of course I may be wrong and LTC could explode to the moon but I'm going with my price action analysis here and live with whatever the results may be... :)
Comment: Of course it pumps after I say I'm seeing bearish signals. :)

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