It's Fun to Ride the Rail on the Litecoin Train
Actualizado
After yesterdays huge surge, we are heading back down the tracks today pretty steadily, with a huge drop possible if we get below critical support of $144. If you notice we are stuck in between the major lines of support and resistance in green. We popped out earlier than I thought, which had me cautious and watching the "danger" zone for a possible test of the upper green line. We broke down through that and bounced off the major lower green line of support, headed back up and broke through the upper green line of resistance, and now we are dancing around there wondering where this coaster will take us. My guess is if we break down from this descending triangle we are looking for a bounce between $138-$140. If we break below the lower green line where the two green lines converge we are going to be full on scream machine. Either way we go out of the convergence of the green lines, it will be a big and fast move due to all the pressure that was building in the past few months. Hodl on tight!
Nota
lol, we broke down as I was writing this up. Hang on!!!Nota
Nota
bounce at $134.50?? Hmmm
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