Latest LTC hypothesis - 140/150 or 230?

Updated

If LTC price action breaks the black line and closes a 4 hour candle below 173$, then the targets 140 and 150 will be in play. Until then, if LTC can maintain this current upward channel, we could see the end of the correction and a test of 217 and maybe 230.

Note

Note

LTC broke down from the channel.. if the black support line breaks, I have this as a general plan

Note

i sold at 171.50 and bought back in at 166. noticed bitcoin was testing bottom of flag/top of channel, aborted trade until BTC breaks down. if it does i can re-sell

Note

re-sold @166.50.. could see it coming.

Note

triangles keep forming and breaking down

Note

there can be a rising wedge forming until LTC breaks the heavy resistance around 173, so i will become bullish on LTC and consider the correction over if LTC can break above that level

Note

if LTC breaks down the bottom of the wedge, we can see 140 ish as a target

Note

watching for a breakout of this triangle to determine where the market may be headed

Note

so now we have good confirmation of a bull rally. watching the red line for good resistance. I still have this area as the top of the overall downtrend. if we can break above this line @ 182, then I will become bullish

Note

here we can see the big picture

Note

currently watching this triangle formation for breakout either way

Note

I think if it were to break down it could be double bottom ish at 137, possibly testing the rising blue trend line.

Note

potential H&S gives a target of 137, testing the blue trend line as well at the same point. gives it credence. will continue to watch LTC for a breakout either way and be ready for either way as well.

Note

If the triangle broke up and polished off the inverses H&S it would form, we'd expect a move to roughly 215

Snuby3

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.