LTC/USD Uptrend Wave Potential to .5 Fib Line
On decent volume 700K+ saw a nice 1-5 Elliott Wave on Tues Jan 2nd that cleared the .618 fib line at 254. Ascending Triangle shows positive trend towards 275 range (.5 Fib Line from December 18th High on 15 minute chart). Keep an eye on charts at 9:45-10PM EST when activity increase usually occurs. If we stay in the triangle and Asia cooperates, we could wake up to a nice profit taking opportunity Wed morning.
Note: Excuse the cluttered charts. I use vertical time stamps for active periods. (8am, 12 pm, 4 pm, 10 pm EST and 5 pm PST)
Note: Excuse the cluttered charts. I use vertical time stamps for active periods. (8am, 12 pm, 4 pm, 10 pm EST and 5 pm PST)
Note
Edit. Looks like consolidation at the fib line (252-254 level). Keep a close eye on the next few hours.
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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.