Despite the overall market is not performing, LTC is on a critical stage. Rejection on the Trendline would bring the price in new ATLs. With this in mind the Daily RSI jut broke upwards its median, which may be a bullish sign leading to break the descending TL. Personally long until rejected.
As planned, touched and crossed the median of the ascending pitch.
If btc plans to break its TR upwards, XRP/USDT likely to break the 0.29-0.3 resistance area and become a skyrocket
keeping an eye, but out of position as of now, waiting for a lil pullback if it happens.
Update on my trade
Took profit on the XRPUSD trade, everything played to perfection, longed from the bottom edge of the ascending pitch. Didnt wit median to close since profit was above expectations within a short time frame. Will re-evaluate another position once it hits the median and the btc pair chills a bit.
From my first publish about 12hrs ago.
took 50% profits on the median and relonged on the pitch support.
Trade played perfectly, position bunkered and tp set to the upper edge of the pf.
Placed orders on the red line, which marks the intersection between the long run bearish PF and the bullish one. SL set under the wick that generated the bullish pf.
Lets see how it plays
Im closely looking for an XRP (USD) movement here, BTC pair is holding so far which may lead to an USD pair run to the pitch mediam...
definetly watching with attention.
Charts dont lie, longed the edge of the USD pitch which happened when the BTC pair broke resistance. USD is now on the median which has been a strong resistance lately and decided to cashout 50%of the long position to bunker the trade in profit. SL set on entry for the remaining part.
Shall BTC hold the bullish pitch (or better the trendline where it is currently sitting) and get a push to the median we would break the descending trendline since yearly highs. May lose current bull pitch and bounce back on the edge of the descending one
Currently long with SL under the edge on the descending pitch.
