Litecoin broke above this descending support line, an important move, but it did so without convincing momentum.
Had this Long setup ready to go if it made a decisive move, but although it broke out of the channel it did not hit the target yet.
It bounced off the 200EMA. Now hovering around the 100EMA.
Litecoin halvening is a few days away but it is generally believed that this is already priced in ('buy the rumour, sell the news').
Keeping an eye on it as a pump is always possible.
Had this Long setup ready to go if it made a decisive move, but although it broke out of the channel it did not hit the target yet.
It bounced off the 200EMA. Now hovering around the 100EMA.
Litecoin halvening is a few days away but it is generally believed that this is already priced in ('buy the rumour, sell the news').
Keeping an eye on it as a pump is always possible.