LTC has been under the influence of the same downtrend its whole life and is now close to breaking thru - This would allow the BTC price to double and the dollar price probably more - LTC candles need to hold the blue 1x1 fib ray and break thru the dotted line for this to happen - If it breaks thru expect as high as 0.036
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Breakout from 4 year downtrend against BTC
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Daily candles have closed and opened beneath the 61.80% fib so it looks like we are going to continue down today - The candles need to hold support at the blue band for LTC to stay bullish
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LTC candles need to rejoin the blue band uptrend before moving higher against BTC, this is normal after breaking a downtrend like has just happened - 0.0185-0.0195 should hold
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The price needs to come down to rejoin the uptrend it broke out from - 0.0182-0.0187 should be a good buy zone - I would expect more upside from LTC after regaining the uptrend
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Ltc next move
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Close view
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Ltc running to plan - Re touched the uptrend after breaking the downtrend
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The dollar market may be getting trashed but this Ltc/Btc chart still runs - The candles have rejoined the uptrend after breaking the downtrend
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.