this bounce was good, mean while bitcoin just did a SHOOTING STAR candle.. that candle is the most bearish candle of all..
so bitcoin is preparing for a correction. we hope litecoin start going up on the LTCBTC CHART
I DO NOT want to be the guy who is changing his sentiment everry day..
but today candle just close as a Doji... looks hope less...
I can say that I am switching to bullish because I dint sell off when I predicted it instead it bounced
my analysis is just based on charts,
catch some shares under $50 or $30ish and then wait a long time for recovery,
I am talking about Months!!! =(
there are no fresh Good news about litecoin until who knows...
a strong breakout needs to have volume to confirm it.
see the previous trend line (which was a strong trend line before), with the daily 50EMA...
also you need to follow whatr bitcoin is doing... bitcoin is consolidating on bull space... just waiting