Alright enough of the pun titles lets get into this.
I was HORRIBLY HORRIBLY wrong with my very first LTC chart (was my first chart published in crypto so I knew it was a long shot.... either way going to keep it short since there really isn't too much too show on this chart but it looks super bullish to me. We have the Ichi Cloud being penetrated over the past day or so with the conversion line and the baseline (Blue and Yellow) looking to cross bullish. LTC seems to always lag behind BTC and ETH for whatever reason that is but it should have its major pump here soonish.
We have a pattern of an I H&S with the neckline right around the 225 mark. If we break that neckline then its goodbye to this chart but if we hit that bounce back into the right shoulder down to the Trend Line Drawn in Orange it matches up with the left shoulder perfectly creating an easy chart to plan out. Now this pattern can take several weeks if not a month or two to develop there will be ups and downs in between here but if your hodling this coin then these are some target you may want to watch out for so you can accumulate more as time goes on. I'm a fan of this coin even if the Dev is not and its done me well so I will continue to trade it.
Targets to lookout for:
225-229 (Neckline)
125 - 130 (Right Shoulder)
277 - 300 (Sideway Resistance)
350 - 370 (Top old ATH)
Best of luck hope you enjoyed the TA and be responsible with your own money this is not financial advice just an opinion.
CryptoLeroyJ out!
I was HORRIBLY HORRIBLY wrong with my very first LTC chart (was my first chart published in crypto so I knew it was a long shot.... either way going to keep it short since there really isn't too much too show on this chart but it looks super bullish to me. We have the Ichi Cloud being penetrated over the past day or so with the conversion line and the baseline (Blue and Yellow) looking to cross bullish. LTC seems to always lag behind BTC and ETH for whatever reason that is but it should have its major pump here soonish.
We have a pattern of an I H&S with the neckline right around the 225 mark. If we break that neckline then its goodbye to this chart but if we hit that bounce back into the right shoulder down to the Trend Line Drawn in Orange it matches up with the left shoulder perfectly creating an easy chart to plan out. Now this pattern can take several weeks if not a month or two to develop there will be ups and downs in between here but if your hodling this coin then these are some target you may want to watch out for so you can accumulate more as time goes on. I'm a fan of this coin even if the Dev is not and its done me well so I will continue to trade it.
Targets to lookout for:
225-229 (Neckline)
125 - 130 (Right Shoulder)
277 - 300 (Sideway Resistance)
350 - 370 (Top old ATH)
Best of luck hope you enjoyed the TA and be responsible with your own money this is not financial advice just an opinion.
CryptoLeroyJ out!