LTC printed a violent corrective move to 130 (the .5 measured fibonacci) and formed a second level down to 114 (the .618 measured fibonacci). It appears that lower support is currently forming at 125 which could trigger a bullish move towards 150.
LTC could push as high as 180, but we feel this would simply serve as a DOUBLE TOP and price would fall from that level. This bullish sentiment could form within the next 12 hours and could take up to 72 hours to complete the double top.
Set your entry at or below 130, with profits taken near 150 and possibly 180 if the double top is formed.
LTC could push as high as 180, but we feel this would simply serve as a DOUBLE TOP and price would fall from that level. This bullish sentiment could form within the next 12 hours and could take up to 72 hours to complete the double top.
Set your entry at or below 130, with profits taken near 150 and possibly 180 if the double top is formed.
Note
Currently, watching for a break up or down from this triangleNote
LTC price broke above our triangle, printing a beautiful Adam & Eve reversal pattern turning LTC bullish in the near-term. The next hurdle was getting above the 150 high set on Jan 10th, and within the past 12 hours we closed two 4H candles above 150. Currently, we expect to see a pullback to establish 150 as support and confirm a bullish trend towards 180. Note
Pullback was more than expected but we are closing this candle above 150Order cancelled
Took profits on first push and stop loss hit breaking below trendline.
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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.