This is a quick update to my
LTCUSD
idea from earier. LTC is definitely one to watch as BTC rallies. Why? BTC rallies generate interest from the genreal population who in turn rush to Coinbase to buy BTC/Crypto in general. Upon seeing the prices of the current listings on Coinbase (not to mention the premiums...) LTC may look like the most attractive new come who want to be able to say they have a whole (insert coin name here). Just a thought. My TA is on the chart. I adjusted the FIB channel slightly to reflect the current channel following the LTC dip. Feel free to shoot me a message with questions, thoughts, etc, and check out my telegram channel for more: t.me/cryptoswitch
LTCUSD
idea from earier. LTC is definitely one to watch as BTC rallies. Why? BTC rallies generate interest from the genreal population who in turn rush to Coinbase to buy BTC/Crypto in general. Upon seeing the prices of the current listings on Coinbase (not to mention the premiums...) LTC may look like the most attractive new come who want to be able to say they have a whole (insert coin name here). Just a thought. My TA is on the chart. I adjusted the FIB channel slightly to reflect the current channel following the LTC dip. Feel free to shoot me a message with questions, thoughts, etc, and check out my telegram channel for more: t.me/cryptoswitch
Trade active:
LTC Breakout! =]
Comment:
Market wide instability has pushed LTC out of the upper channel but LTC is still in a bullish channel. This could be considered as the pullback of a breakout as long as former resistance continues to provide support
