^ Doubt it'll stop at 260 right now, to be followed by a dump to 220. Pretty well supported so far by volume and price/volume metrics. That said, we're in FOMO territory, and 260 is likely resistance for now. Retracement to 245-250, then one more push up above 260 more likely, imo.
EDIT missed the shorter time frame volume divs. So, likely to stop here, but unlikely imo to go back to 220 w/o at least another attempt to break 260, that's what I'm trying to clumsily express
EDIT missed the shorter time frame volume divs. So, likely to stop here, but unlikely imo to go back to 220 w/o at least another attempt to break 260, that's what I'm trying to clumsily express
Mmmh... Self quote, best quote
Did someone try to apply some ew to ltc, they're going crazy in these days
Yeah, ltc is really volatile! Trying to identify a count isn't easy but on LTCBTC it looks like we're either going through a Wave 4 of C or a new X assuming a corrective ABC move has completed. If the latter is true, this means that the subsequent downtrend will probably last anywhere between 1-2 years.