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📖 Day 1 · Quiz (Single Choic
$LTC
Starting to look a bit better for Litecoin on HTFs. Just wanted to point out a few new developments:
- 6HR with a reaction off of the B/R combo and a shaded squeeze. Slight volume arrow breakout, but waiting for a bigger extension
- Daily is starting to look much better. We've got a local bottom (doji candle) just underneath and we're so close to confirming it, but not quite there yet
- Lastly, what makes this all come together is the fact we've got so much convergence of all of these indicators -- the MACD/SRSI flattened out and ready to flip, shaded squeeze just formed as price retests the track line, and SMAs are beginning to converge near the upper trend line/breakout point
Ultimately, we should now be on the lookout for price retesting the upper area near ~$115+. A close above and we've got a good chance to finally break free of this downward trend.