LTC to start Wave 3 to $440
LTC was hard hit at the beginning of the crash since December. However, the drop slowed down towards the end.
We're now having a bull flag. It could serve as a measuring device:
In the previous jump, once we faced a bull flag we had a 0.5 retracement before jumping to 3.618x extension. This gives us a hint at the potential target of around $440 after perhaps retracing to $200.
This chart accompanies a YouTube video I'm posting.
We're now having a bull flag. It could serve as a measuring device:
In the previous jump, once we faced a bull flag we had a 0.5 retracement before jumping to 3.618x extension. This gives us a hint at the potential target of around $440 after perhaps retracing to $200.
This chart accompanies a YouTube video I'm posting.
Note
Very surprised that it couldn't break out of 230. Was deciding between XMR & LTC last night but chose to double down on LTC ---> short-term mistake.Note
LTC has bullish divergence on vol now (4h)Note
just hit the block height for the "litecoin cash" fork. some ppl immediately try to short it --- but at this point it's going to provide a buy opportunity IMHO
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Related publications
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.