Similar pattern forming here as occurred at previous low.... Possible double bottom forming, pending breakout of downward sloping lines...
Comment:
LTC broke above the down trending line.... Next stop the 140-155's . LTC will hit resistance at the next down trending line.
Comment:
LTC is coming upon the next resistance line.... There may be a pullback before breaking the line.. Once broken, it should test the line as support. If support is found, up we go....
Comment:
The chart currently shows LTC breaking the line, but it just reached it @ 150.97 when I look in GDAX or Binance... If we see some sideways to downward movement, like it's walking the line, that's good - means we will likely breach it. If we see a sharp drop from here, we could be going lower, back towards the 120s.
Comment:
Line is broken, and LTC is walking on top of the line as support.... There's a 99 day MA currently in the mid 160's that will act as resistance. From there, the 220's will be the next line of resistance. Good luck HODLers!
Comment:
Hit the 99-day MA in the mid 160's... Now pulling back.... Expect some sideways to downward action over the next few days before punching through. From there, we could quickly see the 200's...
