jbutler7

Still SuperBowlish on LTC :D

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Based on this, nothing really new except a few points I have noticed. In the downward channel I see that if I divide it in half, the more recent price action is sticking to the upper portion of the bearish channel , getting closer to the resistance line and ready to break out. This will be possible if volume continues to climax like it did yesterday. I am sure that that is a possibility now since it happened already yesterday, even if there is no spectacular news. Volume has been super low all month so a spike like yesterday is sure to bring more like it.

A MACd cross looks to be underway on te daily chart as well, and with volume that will be a great combo to launch chikun back into space. If we can get a strong break out of this channel it may be the end of it finally. May take a day or two, but I'm patient. Last time I was patient with LTC it ended up blowing everyone's shorts off out of the blue.
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