So i sold and bought back due to the low momentum. The areas are highlighted with the red then green circle. Im trying to capture a short term bounce for now with cash. Once LTC/USD stabilizes, I will go back to trade LTC/BTC.
LTC might not be done consolidating. There could be one more down leg.
Do to the increase in volume, I bought back.
There was that bounce off 205, where buyers had their knife catching gloves on.
Unless buyers start stepping in; keeping the price above $200, LTC might have a little more consolidation.
I just drew a projection. That is a 60% probability target. It is also in line with the accending wedge.
Good luck all. and thanks for your support and comments.