LTC: Next leg up?

4 mar 2018

See my chart on BTC yesterday for context.

LTC is in a short term triangle. Given that we're above our support of 208.60 and the support line has proven stronger than the resistance line I'm hopeful that we'll break upward. But time will tell.

The actual break is liable to be either small or short lived since we're looking at the 1h chart here. BUT when BTC' eventually makes its move up I fully expect us to try 225 and then make a run at 251.

1hr is bullish: WMA over EMA and SMA. RSI above 50 but with room to grow.

4hr is slightly bearish

1d is bearish.

I wouldn't be surprised to see a bull run in the next week. Watch for 208, 225, and 251.

5 mar 2018

Uwaga

Currently attempting break out but encountering some resistance. Possible it might fall back down to the upward trend line then try again.

6 mar 2018

Uwaga

I've adjusted the top of the triangle upward a bit to account for the new data (nothing wrong with that).

Overt all the triangle is holding strong. I expect the break to happen sometime in the next 2.5 days.

BTC has bounced off the 11,222 resistance line and looks to be getting ready to go back up. If that happens we'll make another run at the top line.

6 mar 2018

Uwaga

Broke downward, which is a pretty bearish sign.

If BTC' recovers it might not matter...but be wary of further dips for the new few days.

6 mar 2018

Uwaga

On the plus side, we got another confirmation of our 198 support. It's not 100% strong (see the dip below it) but it mostly held. And that's a great sign.