#LTC analysis

in #ltc7 years ago

This will not really be a highly technical analysis. I wanted to see how close will it go to the descending wedge and following #btc downtrend it will kee up falling. It seems to be bouncing within a downtrend channel and will probably break the wedge and start a new uptrend move hopefully that will also be related with a BTC move towards the moon. This movement will get started probably before the #btc start to show some recovery signals and so it will also get new momentum once that happen. Currently at 700k satoshis I expect it to get as low as 610k satoshis level, even just recovering the support level it will make a good trade plan.

ltc.png
Trading view image and its corresponding post for future analysis

Other analysis done:


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