LTC Triangle watch. Potential $120 on deck by EOW

Tracking structure. Need to stay in triangle and get support here to bounce up. Target measured by triangle height.

Note

We have a partial break in structure, need to hold yellow supports or we test the blue support and risk going lower.

Note

showing good strength to regain the support in the triangle!

Note

Right now we are retesting the support. So far it has held but we need this to continue to not trace down to approx $90.

Note

support broke. In crypto this can be a common occurrence in the past that can lead to a major breakout above so keep your eyes peeled. I will be personally accumulating.

Note

$71 support touched from breakout back in February. Right now LTC has not broken its short term downtrend show by the red resistance from the drop. Looking like we could see a double bottom back to the $71 area in the short term. THIS NEEDS TO HOLD! If it does not our last support is around $68.

Note

5 min zoom in look

Note

just bought the dip at $75.60 my target from breakdown below. looking for a strong rebound here overnight. Double bottom at $71 still on the table but I'd like to sleep tonight and longterm still feel this is bullish.

Note

I have just posted a longer term chart depicting LTC. If you are interested, please take a look!

CrypticTrading

Also on:

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.

CrypticTrading

Also on: