Morning Friends!
Litecoin has made a tremendous move this morining breaking out of its downward resistance off the back of the news re the imminent litepay news. This to me represents the first of the major coins to make serious moves to break the bear trend.
I would expect to see us now make a temporary top around the $200 range and i have taken profits at this level, with a view to rentering on a c. 50 / 60% retracements. A break of $210 with volume and i would have to jump back on the train.
Mac-d looks good now trending up.
This wouldl make us a nice Inv H&S which woudl take us up another 100$ ish and back towards all time highs.
Litecoin has made a tremendous move this morining breaking out of its downward resistance off the back of the news re the imminent litepay news. This to me represents the first of the major coins to make serious moves to break the bear trend.
I would expect to see us now make a temporary top around the $200 range and i have taken profits at this level, with a view to rentering on a c. 50 / 60% retracements. A break of $210 with volume and i would have to jump back on the train.
Mac-d looks good now trending up.
This wouldl make us a nice Inv H&S which woudl take us up another 100$ ish and back towards all time highs.
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GET MY INDICATORS; www.decentrader.com/?ref=51
Follow on Twitter @filbfilb