The trendlines and indicators confirm a possible upward movement. For all they are long with LTC like me: the up trend might be firm, 43 > 55 > 85 USD possible (look at Fibo). A maximum correction could be 42 USD. So I see additionally a current buying opportunity for all orthers with a short-term target of 54 USD.
Let's see what happens. Happy trading.
Let's see what happens. Happy trading.
Note
zoom in current situationNote
on track with the black trendline ...Note
current situation. waiting... strong up still possible.Note
the quiet before the storm.
Note
little correction of the trend line.Note
the wave starts ...Note
on track. with a little delay.Note
4h: We have a strong resistance at 47 USD. Let's see if it will fall. The current correction will not be too strong (max 44 USD). Then further up on track.Note
Looks good. LTC will break the resistance. More up expected.Note
be watchful. if new resistance (pink line) will break, strong up possible. it looks not bad.Note
resistance broke.Note
support okay. further up could come ...Note
time shift. same target.Note
ltc still on track.Note
ltc breakout possible. target 55 usd and more.Note
positive movement along the trend line ...Note
break out possible ...Note
prepared for takeoff ...Note
ltc reloaded. support works. next up.Note
Fasten your seat belt. lets see ...Note
first step reached: 55 USD. next step will follow.Note
here my trend lines for the current situation ... lets see. happy trading.Note
next step up ahead. bull flag ends.Note
up trend still works imo.Note
next short term correction possible. double top?Note
resistance broke. ltc on the way up.Note
we are on the way up ...Note
second wave ends. be careful. maybe short term correction.Note
maybe possible trend line. just for info. Note
short term correction. trend line okay. Note
Double top possible. Be watchful. Maybe chance for re-entry in the last elliott wave.Note
imo 70 will fall.Trade closed: target reached
closed at 71 with safety buffer. re-entry at 55 if the next wave comes.Note
long term restistance touched.Note
situation still unsure. double top? ltc broke the resistance, but a correction is still possible. so be careful.Note
way up to fibo 1.62 is free ...Note
the third wave is behind us. let's see how much the correction will be. Maybe ltc goes up to fibo 1.62. i am waiting for re-entry.Note
I close this chart now. A new LTC chart is coming soon. Price and time target reached. I hope many of you have made good profits. And please, don't forget... Make good trades, money is secondary. Always be patient, satisfied and happy. Thanks for following.Note
next chart und update here: 
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BTCINVESTING 😃
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Entrepreneur · Trader · Investor · Crypto since 2014
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BTCINVESTING 😃
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Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
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Related publications
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---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.