LTC/USD Coinbase Harmonic PossibilityIf you don't know already bitcoin has completed a continuation diamond on the weekly and in terms of scale, most of the cryptos followed it and have their own pops but not every crypto expressed price action of the same kinds of percentages at the least. What I have seen similar to XRP before it exploded a couple of days ago is that LTC seems like it's having an accumulation before a strong move. A squeeze if you will which is a very common term in trading. Now in this case I think it could be harmonic. I don't know if I can validly draw the common or even uncommon bullish or bearish harmonic patterns we know in love but what I can say is that LTC has been creating a mirror of price action for many weeks now. It also seems that we are on the last leg of this structure in theory... which should be creating a little chicken wing if you will to the right, a small triangle or wedge to complete this and we should be seeing strong moves up or down. I have set some possible targets based on what I call structural interruptions. I usually measure like this when dealing with bear or bull flags or diamonds but I can't ignore the possible bus stops we could get due to the slowdowns of price action even after a volume well appears on the left of the structure. If it copies what's left to it 1:1, we should go up and people will consider the weekly a double bottom. If we aren't pretty sure anything that's $60 or below is a buy zone but the $60 dollar mark is like the other extreme of a range where there should be (or not, do you boo) Short orders with stop losses. In fact, my TD Sequential indicator shows exactly where it can land for a possible buy-in marked in blue at its max potential to the downside. That would be roughly $45. Anyway, that's it :)
