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Droogie

LTC Decisive Point

Litecoin (KRAKEN:LTCUSD)  
Droogie Updated   
KRAKEN:LTCUSD   Litecoin
Support and Resistance Trend Lines Triangle
12
2
supportandresistance trendline triangle
Watch for a breakout from converging trend lines
Comment:
price in long zone
Comment:
price at local trend resistance. Wait for clear breakout signals
Comment:
broke through resistance on volume. I'd expect a pullback to test new support levels, then a nice bull run
Comment:
pullback testing new support on previous local trend line. I expect a continual slide down to longterm support. 4-hour Ichimoku is bearish; 1-hour is bullish

s3.amazonaws.com/tra...shots/1/1TZKmvuO.png
Comment:
local trend support failed but long term support held. Strong bounce on high volume. Ichimoku cloud is resistance.
s3.amazonaws.com/tra...shots/2/2Bw4j46Y.png
Trade active:
@40.5
Comment:
broke through 0.786 fib level
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