LTCUSD to new ATH? Triple digits by end of 2017?
LTC fell out of the blue channel, then out of the red ascending wedge, but is still within the red channel.
Using ALL TIME high and low for the fib retracement. LTC just made a strong move away off of trend line b and breached above trend line a, which is now support as we consolidate between trend line a and the 100% fib retracement (ie. the all time high). Support is then found at the 76% fib and support line b.
It will take a very strong move to get back up into the ascending wedge before the apex
Bear div on the RSI interrupted by this recent move toward the ATH and now its back above 70. Cloud spans, cloud relative to price, conversion relative to base and lagging spans are bullish
Could see short term pullback near the ATH, but for a longer term trade I think LTC is heading up
Using ALL TIME high and low for the fib retracement. LTC just made a strong move away off of trend line b and breached above trend line a, which is now support as we consolidate between trend line a and the 100% fib retracement (ie. the all time high). Support is then found at the 76% fib and support line b.
It will take a very strong move to get back up into the ascending wedge before the apex
Bear div on the RSI interrupted by this recent move toward the ATH and now its back above 70. Cloud spans, cloud relative to price, conversion relative to base and lagging spans are bullish
Could see short term pullback near the ATH, but for a longer term trade I think LTC is heading up
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