Monthly "Trend": SHort term uptrend at a pause, indecision during the month of June. The following months we see wicks started to form near our 62% fib retracement. Looking for a reversal at this level on the smaller timeframes, a drop from here can take LTC back to $50 for a potential wammie double bottom, leaving us with what could be the beginning of an uptrend.
Weekly "Pattern": Price not showing any signs of reversal besides testing our support @ $70. Descending pendant being respected, a close below and expect a sell-off to $50. Momentum in favor of bears with no signs of reversal.
Daily "Trigger": Price remains bearish, however, momentum looking to shift. A daily close above $85 and expecting LTC to make a run $140 to test our higher high. Rejection from this level and expect a panic sell-off towards $50.
Thank you so much for posting your charts!! Your youtube charting videos are great as well!!!
just published my very 1st chart idea a little while ago!!! :)
UnknownUnicorn2434649
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@chartcutie, thank you for your support! I will take a look at your analysis :)
just published my very 1st chart idea a little while ago!!! :)