It looks like the cycle that begain in LTCUSD almost 80 days ago has finally been exhausted. The Stochastics and the MacD are both hitting that a short-term bottom will be in, but no guarantees as we good easily find more support down where the next support zone meets the 72 sma on the daily (which is about $175).
At this point, LTCUSD is almost 86% correlated withe BTCUSD so where Bitcoin takes us over the next days and weeks will be followed by LTCUSD.
I am going to be holding here.
At this point, LTCUSD is almost 86% correlated withe BTCUSD so where Bitcoin takes us over the next days and weeks will be followed by LTCUSD.
I am going to be holding here.
Comment:
Not out of the woods yet on this pull back, concurrently looking at LTCUSD and BTC USD charts to see where we might end up. For LTC the next fib level is ~$142. I added a small amount of LTCUSD at $165, then sold at $180 and now am looking to renter around the next support level.
Comment:
Using this BTCUSD chart as a guide for any more swing entries.