This is my #LTC analysis. Outside-in approach started from monthly levels, weekly levels and daily. Added trends and analyzed possible moves and patterns like trends.
Good morning, everyone! I’m getting an early start today.
BTC-USD Coinbase | BTC continued to dump as I expected, since we were forming multiple consecutive bear flags and there wasn’t much support available for the right shoulder of this reverse head and shoulders pattern. However, we are now finding support just where the bulls really started to run months...
In this video I point out the all time high of LTC/BTC (Top YELLOW line)
The Second YELLOW line is the most recent and strongest resistance level; once we see a few daily candles close above that line there should be a strong upward move.
Between those lines will be the new channel for a BULL RUN
Do you agree with my analysis? Give me some constructive...
I made a call last night that LTC would break down from a rising wedge pattern, but that pattern failed overnight when a huge increase in buying pressure appeared on the scene throughout crypto and the major names such as BTC and ETH (trailing a bit behind the other two). I'm seeing a lot of dollar-priced increases across the board, but LTC clearly leads the race...
