Hello Friends!
LTC has had some remarkable runs in recent times. I've not seen anyone charting its price action in a channel, using weekly candles, yet I'm pretty certain the market makers take this longer term view to things. Adding a 21 EMA to the weekly candle chart tells a telling picture of strong support along with market maker buying activity right where we have been this week. Couple that with the price action to the bottom of the longer term channel recently means on balance of probabilities that momentum buying should continue from here.
Happy investing everyone!
Love AND Peace
BiTBOi
LTC has had some remarkable runs in recent times. I've not seen anyone charting its price action in a channel, using weekly candles, yet I'm pretty certain the market makers take this longer term view to things. Adding a 21 EMA to the weekly candle chart tells a telling picture of strong support along with market maker buying activity right where we have been this week. Couple that with the price action to the bottom of the longer term channel recently means on balance of probabilities that momentum buying should continue from here.
Happy investing everyone!
Love AND Peace
BiTBOi