Hello All,
This will be quick update on LTC.
Looking at Daily chart I noticed an expanding bottoming pattern on LTC chart which we had been seen in the past (highlighted in blue box and illustrated above in white).
We have seen LTC break out from this pattern and then fall back to retest the top trend line as a support. Once the support is confirmed LTC had a massive up move rising from 0.0085 BTC to 0.0175 BTC.
As of now LTC is testing the upper trend line of this pattern. looking at the drop in BTC dominance, we could see LTC break out soon. And as I mentioned, I will be looking for best possible entry on the retest of the upper trend line as support @0.007850.
Hope you like it.
Happy and safe trading...
Chao...
This will be quick update on LTC.
Looking at Daily chart I noticed an expanding bottoming pattern on LTC chart which we had been seen in the past (highlighted in blue box and illustrated above in white).
We have seen LTC break out from this pattern and then fall back to retest the top trend line as a support. Once the support is confirmed LTC had a massive up move rising from 0.0085 BTC to 0.0175 BTC.
As of now LTC is testing the upper trend line of this pattern. looking at the drop in BTC dominance, we could see LTC break out soon. And as I mentioned, I will be looking for best possible entry on the retest of the upper trend line as support @0.007850.
Hope you like it.
Happy and safe trading...
Chao...