LTC on the Daily -- UPDATE

Sunday Fun Day!

Are we having fun yet? We broke through the dreaded $35 resistance with force! LTC used that resistance level as support for the next run higher. This token is ON-FIRE! So, we will ride the wave. I hope you have been dollar-cost-averaging into the token on pullbacks! Well, as long as this coin wants to separate itself from the pack, we should let it fly away!

Outlook: BULLISH - I see an inverted head and shoulder's pattern on the daily.
We are a bit over-extended and hopefully pull back so I can pick up a little bit more. If we get to around the $50 area there is little resistance on the way higher. Do you see that rounded bottom on the chart? It is a thing of beauty! I am Long on LTC -- if you have followed me you know my personal feelings on this token. I am enjoying this ride. This is the second token I have caught neat it's short-term bottom (hopefully long-term ).

Good luck,

Biff

註釋

In a perfect world where TA worked as it is taught, this is what should happen. I like LTC and I even like the way LTC is trading. This appears very structured and normal to me. We always wait to buy some after the pullback from a runup, because in a healthy market there needs to be a pause and regrouping so the whales can fill up before they let it rip to new higher levels.