LTC/BTC ANALYSIS:
LTC/BTC is trending hard in a DOWNWARD channel. There is a possibility for one final leg down into my ideal entry zone for a long position. That entry zone is between the zone of 5600-5750 sats. Recommend to stagger long bids within this zone to dollar cost average. The outlook on LTC/BTC can be bright. I expect a break out of this channel upon entering the support zone, where buyers should step in to shake out short positions. T1 is positioned at 5970 sats, followed by T2 at 6180 sats, and finally T3 at 6300 sats. The double bottom zone near 5700 is a strong spot that attracts buyers. Expect the pump to bounce strongly.
Possible Entries: 5600-5750 sats
LTC/BTC is trending hard in a DOWNWARD channel. There is a possibility for one final leg down into my ideal entry zone for a long position. That entry zone is between the zone of 5600-5750 sats. Recommend to stagger long bids within this zone to dollar cost average. The outlook on LTC/BTC can be bright. I expect a break out of this channel upon entering the support zone, where buyers should step in to shake out short positions. T1 is positioned at 5970 sats, followed by T2 at 6180 sats, and finally T3 at 6300 sats. The double bottom zone near 5700 is a strong spot that attracts buyers. Expect the pump to bounce strongly.
Possible Entries: 5600-5750 sats