$LTC $LTCUSD Tempting buy....

18 ส.ค. 2019

Monthly "Trend": SHort term uptrend at a pause, indecision during the month of June. The following months we see wicks started to form near our 62% fib retracement. Looking for a reversal at this level on the smaller timeframes, a drop from here can take LTC back to $50 for a potential wammie double bottom, leaving us with what could be the beginning of an uptrend.



Weekly "Pattern": Price not showing any signs of reversal besides testing our support @ $70. Descending pendant being respected, a close below and expect a sell-off to $50. Momentum in favor of bears with no signs of reversal.


Daily "Trigger": Price remains bearish, however, momentum looking to shift. A daily close above $85 and expecting LTC to make a run $140 to test our higher high. Rejection from this level and expect a panic sell-off towards $50.