Watching LTC rinse, wash and repeat. It is forming that ascending triangle again. The one that led to the roughly 35% gain in about a day and half of trading. Now, we are seeing it form again. This time bumping against the .5 fib resistance. Once it breaks through that 234 mark, I think we march up to 265 or 304 in short order.
Keep in mind that we have been languishing in bear territory for a long time and bulls are ready for a run. The volume on the upward breaks are strong and supportive. We can also see many tails formed on candles where buying pressure has erased the negative momentum. Lets see what happens over the weekend.
Talk to you soon!
-CrypToNY
*** The ideas posted here are not a recommendation to buy or sell cryptocurrency. ***
*** The posts are for educational purposes only. ***
Keep in mind that we have been languishing in bear territory for a long time and bulls are ready for a run. The volume on the upward breaks are strong and supportive. We can also see many tails formed on candles where buying pressure has erased the negative momentum. Lets see what happens over the weekend.
Talk to you soon!
-CrypToNY
*** The ideas posted here are not a recommendation to buy or sell cryptocurrency. ***
*** The posts are for educational purposes only. ***