Here's what I currently see on my Litecoin chart:
- We've broken out of and opened above our (5) five day downward ascending trend
- showing hidden again
- China news has been fully digested
- Good supports of $73.33 and $74.80 will be hard to break below.
I see us bouncing around between the top of my (GREEN TL) and the steeper ascending PINK TL before reaching my new target of $98.28 for more consolidation. Should we reach the PINK TL before $98.28 I will sell.
My stop outs remain any daily close below the top GREEN TL. I will follow this closely and adjust accordingly.
New chart to come. Currently looking for a good re-entry price. Hoping for $57.75 though I don't know that we'll get that low.