$LTC Hidden Channel REVEALED! (Targets Inside!) $BTC $TRX $XLM
LTC has had quiet the consolidation period since the monster 400+ run a month ago. With the information at hand right now, it is very clear to me that LTC is creating a rising channel from the consolidation.
A breakout above the consolidation flag would likely put us in the upwards channel leading to around 450 to 550 area which happens to match up with fib extensions.
All indicators are beginning to show early signs of the consolidation period coming to an end.
1. MACD is tightening up and creating bullish divergence with creating a lower low on with corresponding higher lows on price action
2. RSI tightening up in the neutral range
3. BBands constricting the current price action
4. OBV possible signs of hidden bullish divergence
5. Volume tapering off during this consolidation period which is a key attribute of a bullish pennant or flag
Overall the is the time when smart money is likely accumulating LTC in my opinion, most people have forgotten good ole LTC in favor of other coins of the day, but let's remember that both fundamentally and technically this is one of the better cryptos out there.
Put it on your radar!
Not financial advice.
A breakout above the consolidation flag would likely put us in the upwards channel leading to around 450 to 550 area which happens to match up with fib extensions.
All indicators are beginning to show early signs of the consolidation period coming to an end.
1. MACD is tightening up and creating bullish divergence with creating a lower low on with corresponding higher lows on price action
2. RSI tightening up in the neutral range
3. BBands constricting the current price action
4. OBV possible signs of hidden bullish divergence
5. Volume tapering off during this consolidation period which is a key attribute of a bullish pennant or flag
Overall the is the time when smart money is likely accumulating LTC in my opinion, most people have forgotten good ole LTC in favor of other coins of the day, but let's remember that both fundamentally and technically this is one of the better cryptos out there.
Put it on your radar!
Not financial advice.
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