Litecoin Respecting the Pitchfork
- Starting points of the pitchfork are circled. Adding the 200% 300% and 400% lines, we can see the price was rejected from the 400% line.
- The parabolic trajectory could be compromised if LTC does not hold this current price. (Parabola support is in Purple)
- LTC formed a rising broadening wedge that has been broken bearishly. Measured move is a 50% retrace at $84.22
- LTC currently sits on the 100% Pitchfork line between .236 and .382 retrace
- The parabolic trajectory could be compromised if LTC does not hold this current price. (Parabola support is in Purple)
- LTC formed a rising broadening wedge that has been broken bearishly. Measured move is a 50% retrace at $84.22
- LTC currently sits on the 100% Pitchfork line between .236 and .382 retrace
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