LTC short term bullish
Updated
Ltc short term target is 120eur (150usd). EP is asc triangle break at around 113eur. SL is at fib 0.786. RSI and MACD are neutral so both scenarios are possible. Wait for higher volume.
Note
Target hit! I expect consolidation before pump to next resistance fib 2.6 at 130eurNote
Before hitting 130eur, fib 1.6 support test is posible. Bullish momentum is very strong. TP if support channel is broken.or fib 1.6. Note
Works as planned. Target at 130eur was hit. I changed shorter TF fibs to previous ath of 128eur. I expect consolidation around that mark before run to longer TF fib 0.236 at 140eur. Note
LTC hit strong longterm resistance (fib 0.236 at 136eur), followed by a fast drop to short-term support fib 0.618 at 119eur. RSI support was also broken and it's currently valued at 45, macd cross is turning bullish. Let's wait and see if the new support channel is valid. First target is fib 0.786 at 127eur/155usd if we cross ema50 upwards. For more TA follow me on twitter @RobDragan Note
target hit, lets go for fib1!
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