These are the two options LTCUSD has right now, since it broke back within the Ascending Channel outlined in last week’s AotC episode (upper channel boundary represented here by the cyan-dotted line). We are either in the middle of forming a Bear Flag (confirmation on break of lower boundary with at least 2 touches), or we’ll break back above this dotted and form a mini Bull Flag before moving higher. This is make-or-break time.

I just wanted to let my readers know, I’ve gone to Spot-only on LTCUSD. At the break of the Bear Flag (red arrow), I’ll be selling all LTC to USD to await the next buy signal. At the break of the Bull Flag (green arrow), I’ll be re-entering with leverage.

Regards,

CC

Disclaimer:

Cryton Capital is not a registered investment advisor, legal advisor, tax advisor, or broker/dealer. All investment / financial opinions expressed in any-and-all posts on this page, including screenshots & captions, are from the personal research and experience of the owner, and are intended to be interpreted as educational material only. Although best efforts are made to ensure that all financial charts and commentary are as up-to-date as possible, there may be times where price moves beyond key levels before the chart can be posted. Alas, this is part of the fast-paced financial sector and cannot be avoided. Also, occasionally unintended errors and/or misprints may occur.

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