lightBULLcoin
Updated
As You see, LTC cracked out the channel (red was the upper limit and green was the bottom),
Note
the EMA lines are ok and they crossed the redline and emerged above it! The volume of trading is okand the volume EMA seems good as well.
On the top of this the MACD (/day) hit the signal of bullish rising.
Note
Down from 12/2017 peak $370, Litecoin did 3 wave down Zigzag structure, and up from there, LTC has started a new cycle higher.It was hitting our 78fib in the 1st wave, now the LTC is expected to bounce in 3-5 waves.
Note
As you see LTC made the wave, and it sits at it's supportline, now the next wave is coming...The following waves will do the same ping-pong between the old fib(faded) and new(vivid) fib levels.
Now EMA and MACD are stronger than last time, so target I is around $268,and after that LTC will do a similar move to catch II target around $306, if the momentum is sufficiently strong, LTC may do it @ 2in1!
Have a GOOD trade!
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