Litecoin's Bigger picture is at a fairly low price, the market recently broke out of its down channel showing signs for a bull move, now the market already went up and toke out some highs, Im not planning to just jump in now out of FOMO, if Litecoin shoots up now I miss the move and I go look for some other things to trade, if the market comes back down creating a crown or even if the market goes up a little more and then comes back down to the areas marked in the picture which will also be a crown formation I will look to get in going long.
If you have any questions please ask, if you have difficulties understanding what a crown is or you don't understand this chart, feel free to massage me.