It seems clear to me that LTC/USD has broke out of a symmetric triangle. My TA concludes that the price of LTC could reach around the 300 USD. I would sell around 270-280 USD just to make sure i don't miss my chance by waiting to long.
A good possibility that the breakout will bounce of the supportline of the symmetric triangle. From there i expect to go straight up.
Off course also keep in mind the cup and handle pattern thats coming into play in on the BTC/USD chart. Which will also playout on the LTC/USD chart.
Good luck with investing and let me know if you appreciate this analysis.
A good possibility that the breakout will bounce of the supportline of the symmetric triangle. From there i expect to go straight up.
Off course also keep in mind the cup and handle pattern thats coming into play in on the BTC/USD chart. Which will also playout on the LTC/USD chart.
Good luck with investing and let me know if you appreciate this analysis.
Comment:
Breakout confirmed. Volume is strong. Ready to go to the 300 USD zone....
Comment:
Taking profit arround 280USD would be wiser and also reduces the risk