Finally after a good bull run, we are in a new chapter of LTC. Currently we are in a consolidation duration. Based on my TA, I would personally wait for a huge breakout or pullback on this crypto to make an entrance. In this chart that I provided, there would be multiple support line that acts like an entrance point, please be patience because support lines are an area not a strike a price.
Patterns:
Uptrend Channels: I use this to show where the trend is currently going
Descending triangles: This pattern is used to indicates there's a downtrend or bear market.
Consolidation: this is a duration of time show us where this price range is undetermined and can't make an entrance. Please do not trade in Consolidation areas.
Support Line and Pit: The support line that I have demonstrated in this chart will be determine as a good entrance point if a correction happens. I created the term "Pit", because I've have discovered every time I have done a uptrend channel in a 1 day time frame, there's always leak in the pattern. As of right now, I do not recommend retail investors getting an entrance as of right now until the price hits the support area . Keep in mind once it hits the support line, wait till the reversal happens. Then enjoy your bull ride.
Indicators
EMA: This indicator is faster then MA (Moving Average) which shows us if the trend is good or bad. This indicator can be used as a Support/Resistance .
VWAP: This was used to find the fair price of my entrance.
MACD: Tells us the Convergent, Divergent, and Volume of the Trend
RSI: The indicator shows us if the price are being overbought or oversold
I am not a Financial Advisor, please do your own due diligence before taking my opinion.
Patterns:
Uptrend Channels: I use this to show where the trend is currently going
Descending triangles: This pattern is used to indicates there's a downtrend or bear market.
Consolidation: this is a duration of time show us where this price range is undetermined and can't make an entrance. Please do not trade in Consolidation areas.
Support Line and Pit: The support line that I have demonstrated in this chart will be determine as a good entrance point if a correction happens. I created the term "Pit", because I've have discovered every time I have done a uptrend channel in a 1 day time frame, there's always leak in the pattern. As of right now, I do not recommend retail investors getting an entrance as of right now until the price hits the support area . Keep in mind once it hits the support line, wait till the reversal happens. Then enjoy your bull ride.
Indicators
EMA: This indicator is faster then MA (Moving Average) which shows us if the trend is good or bad. This indicator can be used as a Support/Resistance .
VWAP: This was used to find the fair price of my entrance.
MACD: Tells us the Convergent, Divergent, and Volume of the Trend
RSI: The indicator shows us if the price are being overbought or oversold
I am not a Financial Advisor, please do your own due diligence before taking my opinion.