LTC Breaking?
LTC might be breaking.
Sign #1 Volume is up. Although trade volumes remain to be low on the whole, LTC volume posting 16,000 and 17,000 thousand points which are record highs for last two weeks.
Sign #2: Trending upwards. Looking at the graph we can clearly see that LTC stabilized and however slowly, moving upwards.
Sign #3 Growth in demand. A clear resistance in mid 0,1230's. Upward pressure likely to push the price little higher within next 2-4 hours.
In conclusion, there are no clear cut signs that LTC is breaking but there are signals that LTC might be trending upwards. My advice is to monitor for the next 24 hours. If the growth persists with volume averaging at least 15,000 LTC, it might be wise to acquire LTC for a short term trade.
As usual, this blog is committed to advice it gives and I will follow the strategy myself. Tomorrow we might have first trade on the board guys!