LTC , see the light at the end of the tunnel

Updated

Down from 12/19/2017 peak $369, Litecoin did 7 swings double three structure which ended at $137 low .

Up from there, LTCUSD has started a new bounce higher in 3-5 waves with a first target around $200, and then toward 235, 277 and may 345 (fib levels)

You can see, the LTC touched the upper side of the downward tunnel (between the red and yellow lines), and it braked out!
LTC MA20 crossed the MA50 and MA90, the MACD and volume seems good too. The marcetcap grows from 45 (26.1.18) to 50.

Note

I mistyped the last one is 315
Ok the fib levels are $193, $227, $262, $304 and around $370, but you can add 3-5 percent volatility to the levels, so you can think in target ranges:
I 186-200
II 219-235
III 247-277
IV 293-315
V 357-383

Note

I. wave turned down at $194 (fib predirected $193 but it is in the middle of the 186-200 range, so i am happy)

let's see the II. wave

Note

As You see the LTC touched the yellow line (aka support line) and now is is on the way back to the red line.

The interesting part of the story is the predicted place:
as LTC climbs back to the upper border of the channel (aka resistance line) the fib78 will cross the red line (more or less at the same time as LTC will) and this action will form great forces!

I hope it will be enough to break out and catch the next fib level, It is my II target range as i wrote (II: $219-$235)

Note

Of course You may do not want to take the risk..
in this case You may sell at fib78, it is still a good profit $129 -> $143 is 10%

Have a good trade!

Note

OUT of the tunnel!
future updates and trend:

contrecoup

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