LTC has been on a descending channel since BTC began its fall in December after peaking at almost 20K. Once LTC breaks the upper part of the channel, I will consider new trading options. Until then, I am out of this one. I must add that LTC is one of my favorites for long term investment so I will be watching it closely for any long term bullish sign which I guess will be when BTC breaks it's current downfall. Good luck.
**NOTE** I am not an experienced trader. I am an investor learning TA. So, take it easy on me. DO NOT use my published ideas for making decisions. Recommendations are welcomed.
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LTC is at the top of the channel and looking to break out. Once it does, we will lookout for new trading opportunities.
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LTC has broken out of descending channel. Just published another idea on the matter.