Litecoin still remains bounded between $51.92 and $55.84, as we have mentioned many times. The price action has edged downward, but $51.92 is providing good support at the moment. If this breaks, then there is another level immediately below at $50.64, which should hold. if momentum comes through, then $55.84 is a likely ceiling, as it will take significant momentum to break this level.
I think that the range of possible price movements is not allocated quite correctly, it is worth checking them through the volume profile. But in general, I support the idea, the description is detailed, the technical analysis is qualitative. Thank you for your work!
quantguy
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@Solldy, Thanks again for the thoughtful feedback. I used to integrate volume profile quite a bit, but the charts got too cluttered
JoeChampion
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Agreed, LTC should follow BTC and remains bearish!
quantguy
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@JoeChampion, The markets need to bottom out, as the markets fully price in the Fed's stance