Is LTC ready to join the overall crypto bullishness again?

2017年3月14日

As we have seen many Altcoin pumped in the last months, LTC is pretty stable for a period of almost two years. LTC is in a really large triangle and according to my drawn trendlines, it is finally breaking out to the upside. it still has to be confirmed by a weekly close outside the triangle. Currently the ltcbtc ratio is at lows we haven't seen in many years. Also the ratio looks more and more like its going for a reserval. We finally have a green weekly close after weeks of red. Another thing to mention is the highly oversold RSI on the ratio which is screaming for at least a bounce. Also there is alot of bearishness and negative talking about LTC (Rock). Which makes me want to take this trade even more.

I longed the breakout of this triangle and I am looking for continuation. My target is to at least retest the high of the July pump. If we don't have continuation like all the other times LTC 'pumped' i sell my position and wait for ratio to bottom out at 0.002 levels before i even think about longing LTC again.

2017年3月14日

註釋

Closer picture:

2017年3月30日

註釋

We broke the red horizontal resistance with confirming volume. this train is about to leave.

2017年4月2日

註釋

A weekly close above the green bar and a new trend is confirmed. First resistance will be the 2015 July pump high

2017年4月12日

註釋

If LTC is able to break current resistance than I'm looking for higher targets. could go to $19-21.