Checking LTC this morning, I'm seeing my update last night play out perfectly (Tradingview has configuration issues, so the post was hidden by them, as the video will not play). Anyway, here is what i'm seeing and the setup, which is very similar to the one on BTC is playing out (video linked below).
Here are the Daily, 4HR, and 1HR charts with notes.
I'll be watching the 4HR to see if we close below the overall uptrend line, which is most likely to happen give the size of the candle forming and that we have about 10mins before it closed.
I'll also be watching the daily close today on this candle to see if it closed below, which would be great confirmation of more down side pressure.
On the 1HR, we have a clear break of the up trend line, a pull back to test it, but seeing current pressure to reject a break back above the trend line on the hourly chart.
I believe T1 is extremely in play as the first buy opportunity in this setup. So i'll be looking to add to position at this level and keeping eye out see if T2 comes into play as well.
1HR
4HR -
Daily
Here are the Daily, 4HR, and 1HR charts with notes.
I'll be watching the 4HR to see if we close below the overall uptrend line, which is most likely to happen give the size of the candle forming and that we have about 10mins before it closed.
I'll also be watching the daily close today on this candle to see if it closed below, which would be great confirmation of more down side pressure.
On the 1HR, we have a clear break of the up trend line, a pull back to test it, but seeing current pressure to reject a break back above the trend line on the hourly chart.
I believe T1 is extremely in play as the first buy opportunity in this setup. So i'll be looking to add to position at this level and keeping eye out see if T2 comes into play as well.
1HR
4HR -
Daily
