Ichimoku has turned green on the daily, we are now on top of the cloud, we may be entering a new bull market, and LTC is about to have its third run at breaking 670000. 5 year anniversary in October. Feeling very bullish off this pop
We have penetrated the cloud with rumor of a GDAX add or LTC tomorrow. I'd say it would be a nice time for LTC to stop being a rock, considering, the heavy decrease against BTC since the release of the Roadmap. Blah Blah Blah i'm going to long LTC.
After the break out we now have the retracement. In this case it's in the shape of a pennant, a very reliable continuation pattern indicating that the way up isn't over by any means. Resistance at 0.0067 will probably be broken within a day or two.
Looking to see a continuation of the upwards stepping of LTC. It has been uncharacteristically not rising in trend with BTC pumps in the last month. I could see a return to parralel movements after dust settles from the Roadmap buying. I'll play this leg and consider sitting in BTC for a possible disappointing release dump.
Took profit from BTC :) Going to throw it into LTC now. For me personally without much worries , I am anticipating the W formation if traders want to take a lesser risk , traders should wait for a confirmed break out from the W formation. If an upward beak out from the W formation is confirmed then I can adjust to a higher target region :)
Litecoin dropped sharpley vs Bitcoin with the Brexit vote. Combined with the good technical picture vs fiat and the yuan downslide this is looking quite interesting.
It's just an follow update after the pump event LTC went, the old support line seem to be now resistance.
I wouldn't get in, but your millage may vary.
