Long

LTC to 291

Updated

This is an update to my previous chart where I accurately predicted the LTC breakout a day previous found @

Key Notes:

Our first test will be @ the 260 resistance, if we successfully break through its a clear shot to 291, at which point I expect some profit taking to kick in. If we manage to clear that, with the exception of some crazy bitcoin downward action, we should be clear to enter back into the 350's and above.

If this chart receives 15 likes I will continue to update it.

Note

We saw a breakdown on the 2-4 hour charts overnight as the RSI caught up and began reaching the overbought area.

The lower timeframe charts are starting to pick up momentum slightly again, but by no means with significant force. We should have a better idea within the next few hours whether we'll be trading sideways, up or if we will see a retest back to the low 240's or even mid 230's.

Note

It looks like we're consolidating and a pennant has formed, I'm expecting a breakout within the next day or so.

Note

Look for buys around the 234 resistance

Note

Watch the 234 resistance closely, we want a strong bounce from here to continue the uptrend, trade carefully.

Note

Target still good, expect a breakout anytime. I will evaluate when we reach the 280's area.

Trade closed: target reached

Target reached, going beyond, will do a new TA soon.

ant187

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