LTC -- The critical MA200 handle: To bull on, or to let go?
Two paths here for one cup handle, to complete the cup and handle formation/pattern.
No doubt this has been looked at before, however, at this critical moment, as it relates to the cogent analysis for BTC by TradingShot linked to below, a similar MA200 cross for LTC is in process and will likely to need to be defended to turn the small upswing ripple now on fading momentum into a contender for a bright and early May run.
To my mind, an early May run will likely not preclude gains hoped for September to mid-October, as by that time (possibly around a month before the triangle converges to a point roughly the week of Oct. 13), the enclosing triangle will offer the choice; to break the cage and bull on into a new trend, or simply fade into range.
I feel this moment is probably important for the so-called altcoin season, or is that simply wishful thinking for something that doesn't matter all that much in the scheme of things?
No doubt this has been looked at before, however, at this critical moment, as it relates to the cogent analysis for BTC by TradingShot linked to below, a similar MA200 cross for LTC is in process and will likely to need to be defended to turn the small upswing ripple now on fading momentum into a contender for a bright and early May run.
To my mind, an early May run will likely not preclude gains hoped for September to mid-October, as by that time (possibly around a month before the triangle converges to a point roughly the week of Oct. 13), the enclosing triangle will offer the choice; to break the cage and bull on into a new trend, or simply fade into range.
I feel this moment is probably important for the so-called altcoin season, or is that simply wishful thinking for something that doesn't matter all that much in the scheme of things?
