LitecoinLong
Litecoin Long-Term Swing Trade
Updated
Chart discrepancies on LTCUSD between Bitfinex and Coinbase present some difficulty in determining price targets and resistance levels. Similarly high volume LTCUSD markets such as OKEX and Huobi are in relative agreement with Bitfinex, and so I look to Bitfinex charting.
Whether this market develops as predicted in this chart will depend greatly upon Bitcoin price action. This chart assumes that Bitcoin will have another large bubble in 2018 and/or break bullish from a Q2-Q3 weekly equilibrium pattern.
Whether this market develops as predicted in this chart will depend greatly upon Bitcoin price action. This chart assumes that Bitcoin will have another large bubble in 2018 and/or break bullish from a Q2-Q3 weekly equilibrium pattern.
Trade closed manually
Litecoin was unable to hold the breakout and dumped deep back into the triangle to either resume the triangle and try again, or, more likely (as per LTCUSD technicals, and as per my current expectation of this upcoming crypto bearish market cycle), to break the triangle bearish.
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