Short

furute way of LTC

Updated

as you see we have an uptrend channel (greenlines) and a downdward trend (red line)
LTC found a stable support at fib 50
LTC has an upward momentum (yellow lines)

If LTC crosses the yellow line, it will fall to Fib 61.8% (as it is a strong support)
If LTC crosses the redline, it will climb to Fib 38,2% and ascend toward to $300
$300-320 is a big resistance zone.

lets see what happens

Note

Down from 12/19/2017 peak $369, Litecoin did 3 waves pullback which ended at $180 low .

Up from there, LTCUSD has started a new cycle higher with a first target around the $300-320 resistance zone .

Note

as you see the last wave (6,1,2018) has broken, BUT now as the LTC found the support the upward momentum will force it to rise
The red and lightgreen lines cross wil be 17-19.1.2018 at $240-250,
As I see LTC has the good potential to break through the resistance line

Note

as you see the LTC tried to break out at the star (fib 38,2%, redline and darkgreenline) with no succes of course, it was too hard resistance.

It will fall to the light geen line and it will climb to the red and lightgreen linecross and ascend toward to $300-320

Note

here You can see the predirection

Note

LTC touched the yellow line and that is sad, but i think it will wake up and rise to the red and lightgreen linecross as mentioned above

Note

this scenario failed
HOLD!
I will post a new idea lather when i see the light at the end of the tunnel

Note

I see the light, but we are not out of the water!

Note

I see the light:

LTC , see the light at the end of the tunnel

contrecoup

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