We can see LTC/USD has been hitting some resistance at the $31 level as of late. This week is no exception we see some support coming in at the $28.40 level in addition to a hammer followed by bullish confirmation. This is signaling an uptrend, but we will however, run into that resistance again at the $31 level. Before this happens I expect us the drop a little to the $28.80 support level and then test this resistance level. If LTC is able to break this resistance, followed by oh I don't know a Bitstamp launch we should be able to see some nice support past at the $31 followed by a little resistance (maybe none at all with big news) at the ~$34 dollar level and then we should be able to see it hit the $40-$45 mark given its current uptrend in the past months.
We should also be able to safely say there will be nice a uptrend because LTC is sitting at that 20W T-line at the neutral position rather than the overbought position. This also further strengthens our hammer followed by bullish confirmation in the blue box.
Once the $31 level is tested again we could see a good opportunity for another entry point, other then the current time.
To the moon!
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We should also be able to safely say there will be nice a uptrend because LTC is sitting at that 20W T-line at the neutral position rather than the overbought position.
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This also further strengthens are hammer followed by bullish confirmation in the blue box
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Our* hammer. Sorry about the typo.
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Once the $31 level is tested again we could see a good opportunity for another entry point, other then the current time.
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First post sorry about the repetitive comments, did not know I could edit for 10 minutes. Anyways let me know what you guys all think about the weeks ahead.