Near Term = Downward Pressure; Mid Term = One More Push Up...
...Long Term = More Accumulation in Anticipation of the Coming LiteCoin Block Halving in August, 2019. If you haven't noticed, we're also seeing sign of a Head & Shoulders in the Daily TF. So, expecting one more push up is kind of risky under the present circumstances; with so many conflicting signals in multiple time frames. Needless to say, I do see more downward pressure in the very short term with a chance of upward pressure potentially beginning tomorrow evening and one last push upward near previous high before falling back down to test support.
Comment:
Let me EMPHASIZE the call for one more push up is a POSSIBILITY. What we are seeing in the Daily worries me in regard to another push up. If we do have another push up, I just do NOT see a significant push up. Is it worth a trade for one more small push up? That's what you will have to determine for yourself. If you're already in a long position or already have litecoin in your account on an exchange, you may consider implementing a trailing stop to protect current gains and/or prevent big losses.
