LTC new bull market? Update to my ending diagonal analsis
As the ending diagonal chart suggested, LTC exploded higher. Two areas of confirmation were suggested and this is how they played out.
Examine the chart, same as previous charts with the ending diagonal wedge (yellow dotted lines).
Confirmation 1: LTC never really rested the lower line after breaking it, is this market that bullish? It did go sideways a bit and then broke the higher declining wedge line resistance.
Confirmation 2: Now that upper wedge line is acting as support. Look at how the price is bouncing on it.
Things could get really interesting over the next month in a "good" way I hope.
Moon anyone?
Examine the chart, same as previous charts with the ending diagonal wedge (yellow dotted lines).
Confirmation 1: LTC never really rested the lower line after breaking it, is this market that bullish? It did go sideways a bit and then broke the higher declining wedge line resistance.
Confirmation 2: Now that upper wedge line is acting as support. Look at how the price is bouncing on it.
Things could get really interesting over the next month in a "good" way I hope.
Moon anyone?