Holding LTC and waiting to buy on any weakness. LTC is forming a symmetrical triangle (red lines) within a larger symmetrical triangle (top red line and diagonal lines 3 and 4). MACD is indicating a continuation downward and the RSI is continuing to trend downward. If LTC breaks below the purple trendline and the red triangle we will enter zone C where line 3 and 38% retracement offer support. I suspect LTC breaches back toward zone D where it will meet the 100 day moving average, the 62% retracement, and long term support line x (green). We could see some sideways volatility with support line 4 as Strong support. Will look to accumulate around 0.01 BTC.
If we break out of the red triangle right away, get ready for the next leg up.
If we break out of the red triangle right away, get ready for the next leg up.