LTC has been a weird one chart wise up through this time. Bollinger Band analysis seems to provide the clearest insight into a potential pop.
Note:
Head fake - Bearish candles hit bottom BB and found support to bounce from (Pink Box)
BBW is at a lower extreme (Blue Box) - the tightening of the bands should open up and give way to upward movement
Look for weekly close above upper BB
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Drawn out quite a bit longer than I had expected, but it looks as though we are beginning to see action towards a strong breakout move.
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;*
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Position has been accumulated. I will be adding more based on the price context as we progress. First and second targets remain $5.386 and $6.761 respectively (pink lines). If we make it all the way through the orange this should actually get fun.
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Daily view to follow better
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Big dumps across the board. Time to watch da red and reset.
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Opening back up long down here. Today's dips seem more and more of just minor correction. Will re-evaluate completely if we get some real heavy down.
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