LTCUSD - Broadening Bottom (Megaphone) Pattern - Target $75
Updated
Price Target: B - D line (Approx $73)
Stop: Below the A - C - E line (Approx $42)
"Key aspects of the Broadening Bottom Pattern:
Points A, C and E should all be successively lower. That is to say, point C should be lower than point A, and point E should be lower than point C.
Point D should be higher than point B.
After the final decline (marked by point E) look for price to rise significantly.
It may be a good idea to wait for price to rise below resistance created by the BD Line for conformation."
tradingview.com/wiki/Broadening_Tops_and_Bottoms
An Example of Broadening Bottom Pattern on AMD graph:
thepatternsite.com/images/BroadeningGood.JPG
Stop: Below the A - C - E line (Approx $42)
"Key aspects of the Broadening Bottom Pattern:
Points A, C and E should all be successively lower. That is to say, point C should be lower than point A, and point E should be lower than point C.
Point D should be higher than point B.
After the final decline (marked by point E) look for price to rise significantly.
It may be a good idea to wait for price to rise below resistance created by the BD Line for conformation."
tradingview.com/wiki/Broadening_Tops_and_Bottoms
An Example of Broadening Bottom Pattern on AMD graph:
thepatternsite.com/images/BroadeningGood.JPG
Note
Price reached to the target "E" ($44,20) :Now, we are on the road of the Target "F" ($75)
Stop/Cancel: After a daily close below the support line, near $44,20.
Note
By the way, it will be hard to pass the resistance line at $75. We can see another decline from there. $55 (Target A) can be the next low after the bounce. I pointed it as the Target G, on the updated screenshot.Note
If the target G ($55) can stay as the lowest point for a while. We can start to discuss about a new "Diamond Bottom" pattern, like this: 
Disclaimer
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.