LTC on the Daily ***Unusual Buying Activity***

If you follow me you know I have recommended buying LTC near or below the $30.00 price level. I am noticing this unusual accumulation in volume without the usual volatility. I think it's time to take LTC VERY serious right now. If you are afraid of FOMO, then you may want to start Dollar-Cost-Averaging into LTC. I have been accumulating LTC because of the unique relationship the crypto-sphere has with this token. Like XRP, LTC seems very popular and can decouple from BTC and run away at any time before the standard sell-off. I am always seeking the %20 profit, so if you buy at these level look for a bit over $40 to begin liquidating, always keeping some on the table for the long haul.

Outlook: Based on volume and small daily candle sizes, low volatility, LTC could blow any day. It is unusual to see such low volatility in a token when we see so much volume. IS SOMEONE QUIETLY ACCUMULATING LTC?

I think it's a buy under $34.00 in small amounts. NEVER RULE OUT THE SUDDEN COLLAPSE IN PRICE ACTION TO SHAKE OUT THE WEAK BEFORE A MASSIVE REBOUND -- after all this is the crypto market!

LTC ON THE DAILY ********TAKE NOTICE********

There is no need to price level information as you can see my dashed primary trendline with 2-data points, so not confirmed quite yet.

If you find my short written analysis and easy to read charts helps your due diligence, leave a thumbs-up and don't forget to follow me on Twitter.

Best,

Biff

Kommentera:

Considering how bad the crypto markets had been, LTC has held up nicely. I think this Crypto is being quietly accumulated. I don't know for sure but it's sure trading like someone is buying a LOT!