Wanna give you a short follow up on LTC.
If you remember my previous LTC post with an overall analysis, i drawn in the green lines as a possible path in the near future. We can see so far that LTC followed pretty much my expectation. LTC moved very strong in the first wave and created a higher high on the daily chart. We touch the yellow marked area of strong resistance between 93 and 100 usd. 100 usd is a key level to break. LTC is preparing to do so. But first we see a retracement into the yellow marked area close to the blue support line at 83.95 usd. We might pierce the line but i expect to see a higher low, meaning we have to stay higher as 81.42.
The MACD is likely to go back to the previous resistance to make it support.
As said we coming close to an area of strong resistance. But as we going to see wave 3 we are likely to break it ("easily").
LTC is my main investment and this chart is confirming why it is :-) BTC will move nicely this year but certain Alts will outperform BTC by far.
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currently all major alts are tanking so snapping them here wouldn't be the worst idea. Also btc dominance is high. Good post!
You are so right! :-)
Great analisis!
Great to hear! Thank you!
Thanks!
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