justsomeguy
做多

LTC: Get ready for a ride

COINBASE:LTCUSD   莱特币/美元
We're coming to the end of our 2 month triangle. I'll be looking for a clear break sometime in the next 100 hours. That presumes trade volume will increase, but in general it's fairly reliable.

Support 1: $55.85 (weak)
Support 2: $55.31 (weak)
Support 3: $55.00 (strong. This is the bottom of our triangle. If we break and hold below it then we risk a large dip).

Resistance 1: $56.56 (weak)
Resistance 2: $57.47 (weak)
Resistance 2: $57.89 or $58 (strong. This is the top of our triangle. If we break and hold above it then we can hopefully get a serious bump)

This could still go either way (1d is inconclusive, 4h is bearish , 1h is bullish ), but personally I'm betting on an upswing.

P.S. As a side note: I drew the larger triangle about two weeks ago. Sometimes the simplest things work the best.
Litecoin is the dead zone. We need some news !
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I'm in for now, but if it doesn't break high enough form buy in to set a decent stop loss before bed I'll sell. LTC volume has been incredibly weak lately so I trade it very cautiously.
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