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EricJGoforth
Apr 17, 2017 2:57 AM

LTC took the squeeze like a boss! Long

Litecoin / DollarBitfinex

Description

LTC broke from tradition quite a bit; by not slowly giving back a long 4 hour pump. Taking 5 days; it has settled perfectly in the middle of this current up channel; even managing to stay off a possible down turn in a squeeze. A defined channel with a top that has been tested 5 times, a bottom that has ben tested 5 times and a clear need to remain cleanly in the middle. LTC continues to be a good bet for at least the next 4 days.

HOWEVER; be very cautious of pumps! If LTC hits the top of the channel; don't expect it to break it.
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