LTC has been a weird one chart wise up through this time.
Bollinger Band analysis seems to provide the clearest insight into a potential pop.
Note:
Bollinger Band analysis seems to provide the clearest insight into a potential pop.
Note:
- Head fake - Bearish candles hit bottom BB and found support to bounce from (Pink Box)
- BBW is at a lower extreme (Blue Box) - the tightening of the bands should open up and give way to upward movement
- Look for weekly close above upper BB
Comment:
Drawn out quite a bit longer than I had expected, but it looks as though we are beginning to see action towards a strong breakout move.
Trade active:
;*
Comment:
Position has been accumulated. I will be adding more based on the price context as we progress. First and second targets remain $5.386 and $6.761 respectively (pink lines). If we make it all the way through the orange this should actually get fun.
Comment:
Daily view to follow better
Trade closed manually:
Big dumps across the board. Time to watch da red and reset.
Trade active:
Opening back up long down here. Today's dips seem more and more of just minor correction. Will re-evaluate completely if we get some real heavy down.
