Not sure this is valid TA, but using the pitchfork tool and corresponding trendlines, it looks like Litecoin is moving sideways to the bottom side of smaller channel inside the much large one I am focusing on for long term. Zoom out to see large channel
If this is the case, then hopefully we see litecoin make a positive bounce upward. This would spring board LTC back up to the upper middle or upper channel of the larger pitchfork and bring the price upward to $150 before end of year. One could hope.
MACD on 4hr looks to be completing its downward trend, and RSI is moving into healthy range.
If this fails, we may see LTC move downward a bit. A drop to ~$82 would not be unhealthy. But painful to watch.
Not Advice.
If this is the case, then hopefully we see litecoin make a positive bounce upward. This would spring board LTC back up to the upper middle or upper channel of the larger pitchfork and bring the price upward to $150 before end of year. One could hope.
MACD on 4hr looks to be completing its downward trend, and RSI is moving into healthy range.
If this fails, we may see LTC move downward a bit. A drop to ~$82 would not be unhealthy. But painful to watch.
Not Advice.
Trade closed manually:
Upward inner channel idea failed. But had a nice bounce off main median trend line (dotted blue line). Path to 1k in tact!
