Litecoin (LTC) - Technical Analysis. Descending wedge breakout. Here come the bulls!

in bitcoin •  9 months ago

Unfortunately with trying to keep up with everything,, trade and post, I missed this LTC trade but what a wonderful move it was.

We can see how rapidly the trading incentive can change.

But not to worry!

This can be used as a sign of a trend change and now we can use that information to begin looking for bullish chart patterns Ive previously written about, and Fibonacci pull backs to get on board this trend.

I will be keeping my blog updated if I see an a safe entry come up on LTC in the next week or so.

The fact I missed the original entry can actually work to give us a safer entry, especially for the newer or slightly more emotional traders. Now we have a confirmed BULLISH break out, we are in a much safer position to look for a buy position.

LTC.PNG

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I did break out too. Kind neat how ypu can predict things.

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Are you a trader yourself?

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Not like you guys. I trade some but nothing serious. I love being on Steemit and SteemThat.com mainly because of all of the tips and tricks I'm learning. One day I would love to trade all day long. i used to trade forex which is similar I think. I just got lucky.

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its always worth a go bud. Let me know if you need any help with getting into the markets :)