I'm no professional, but could a crossing of the short term be enough to break out of this channel again? I see that potentially happening on the 30m. LTC is still fighting hard at 145 just like BTC at 9k. Those previous resistances are now stronger supports for the time being. If it breaks below 145 I see it going to 130 and maybe bouncing from there, or going back much lower and unfortunately continuing , but I see that as unlikely as the psychological momentum seems to be picking up from within the LTC community, which means more optimistic buyers. We saw a ray of hope the other day basically, so there's that going for it. If it breaks from the that would be a good sign certainly.
I'm still skeptical to sell because I don't want to miss out on action overnight like LTC did to me last time, but thankfully I was caught hodling that time. MPC , who I follow, said this could be an pattern forming, instead of a . Time will tell.
Please comment with your thoughts and constructive critiques of my analysis! I rely much less on shorter term TA than longer term stuff, but the same rules apply for less time as I understand it. Anyways. I digress. Peace out. Don't listen to this as financial advice to buy or sell LTC.