LTCUSD has big-move-incoming written _all_ over it
Whilst volume may look sparse the accumulation has mostly been across the LTCBTC pairs and that ought to tell you something...
The S/Rs and classicals and overall trends here are so well defined that a well-placed short upon a breakdown of supports ought to be as lucrative as a well-placed long if the previous top's neckline becomes support; stay neutral till a snitch appears and take others' opinion with a pinch of salt (especially if they have a crystal ball and an attitude problem)
The appearance of volume on LTCUSD will confirm that the wind is strong enough for whichever door is chosen to be closed behind but beware a harsh bounce when that volume fades as retail buyers / sellers are likely to be taken for a ride when they're too few in number to hold up the eventual high / low
The S/Rs and classicals and overall trends here are so well defined that a well-placed short upon a breakdown of supports ought to be as lucrative as a well-placed long if the previous top's neckline becomes support; stay neutral till a snitch appears and take others' opinion with a pinch of salt (especially if they have a crystal ball and an attitude problem)
The appearance of volume on LTCUSD will confirm that the wind is strong enough for whichever door is chosen to be closed behind but beware a harsh bounce when that volume fades as retail buyers / sellers are likely to be taken for a ride when they're too few in number to hold up the eventual high / low
Comment:
