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LTCUSD retrace watch: Chikun topped at $63.50 for now, next buy?
Litecoin
LTCUSD retrace watch: Chikun topped at $63.50 for now, next buy?
By EuroMotif
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Updated
Sep 24, 2018
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Sep 24, 2018
LTC made a nice 5 wave impulse move, but ran smack dab into a fib cluster in the $63.50 area.
I last went long in the 58.50-59.00 zone per my last trade plan:
I then closed the position when it hit the 4.236 extension of wave (5) impulse (and 2.618 of entire wave).
s3.amazonaws.com/tradingview/snapshots/9/9A4yfBQD.png
I am now looking to gauge the pullback for possible buy back prices.
Sep 24, 2018
Note
Update: It seems LTC was playing the .382 to full note tune. so now the 5 waves down for wave (c) might be complete here
Sep 25, 2018
Note
Well, lets see if this one holds
not looking good
Sep 25, 2018
Note
A respectable bounce this far.
Sep 25, 2018
Note
Agrh, I wish it would not have come back into this support (chews up orders)
Elliott Wave
Fibonacci
Support and Resistance
EuroMotif
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LTC retrace watch (scalping tf) Chikun to go below 60 again?
by EuroMotif
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