Coin Telegraph
GOOD EVENING STEEMIT!
I’m writing this from the middle of nowhere in Tasmania. On an unsecured wifi connection at the dodgiest little pub called the Mole Creek Hotel.
Unfortunately, the Boags Draughts caused me to fat finger the submit button early, and I published the bare minimum template rather than the blog containing any sort of explanation.
So if you read my blog or Twitter, you’ll know that I’m quite the Litecoin bull. If you haven’t already without any context and figured it out yourself, take a look at the chart below:
LTC/USD Daily
As you can see, price has remained capped by that steep, bearish trend line, but has since formed a higher low as it starts to break out. A highly bullish signal.
As price now pulls back and looks to retest the broken trend line, I’ve marked the sweet spot confluence of support with the new short term level.
2018 is going to be the year of Litecoin. If you’re not on board, this is your level.
Peace.
Please leave a comment with your ideas or just share a chart.
Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.
Twitter: @forexbrokr
Instagram: @forexbrokr
Website: www.forexbrokr.com
