LTC had a nice bounce off the vertical and horizontal .5 angles and looks like we might close above the 137 price line. We have had 4 months of bear dominance. The bulls are making their presence known in a steady and strong fashion versus the other pumps we have had.
I am watching LTC for 3 peaks and a breakout. I am probably wrong, but I am looking for the 3rd peak to be a surge and then a correction. I will play that dip to accumulate.
GTG walk with my kid so cutting this short.
Not advise, just my opinion.
I am watching LTC for 3 peaks and a breakout. I am probably wrong, but I am looking for the 3rd peak to be a surge and then a correction. I will play that dip to accumulate.
GTG walk with my kid so cutting this short.
Not advise, just my opinion.
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Watching this closely. It might hit 154-149 and then we could see a retrace. Too soon to tell but watch this and BTC. Don't pull the trigger too soon.
Comment:
Was a little off on the peak 3 top. Now a correction and how deep we go decides how high we end up before the major correction. I did not play this dip, thought about it but decided to just simulate and so far it has dipped to 142 which for me would have been my next to lat target.
I think this move is the beginning of a larger move for later this year. Could LTC drop below a 100 or go above 10k.... I think people are too focused on what could happen that they are trying to make the charts reflect that and missing what is happening.
But, that being said we have to look at the larger time frames. Too many people just look at the 4HR. I know this chart is doing that lol.