Looks like LTC if about to complete the ABC Correction Wave. It should take a few hours. once it does, we can expect it to head up again.
Yesterday's High $236 would be the resistance and it has to break it to reach the next target which is around $268.
Let me know your thoughts. Do leave a comment.
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This is not a trade signal. I am just sharing my 2 cents.
Yesterday's High $236 would be the resistance and it has to break it to reach the next target which is around $268.
Let me know your thoughts. Do leave a comment.
-----------
This is not a trade signal. I am just sharing my 2 cents.
Note
Please do leave a comment if i am wrong. I am not an expert. I am still learning. So, feedback, criticism are much appreciated and will be taken into consideration :)Note
Experts let me know whether i should have considered this as Descending Triangle or the ABC Correction WaveNote
Ltc is trying hard to break th yesterday's high $236.. If it gets enough support from BTC and ltc volume... It should touch the first target easily
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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.