Noticed this pattern with the LTCBTC pair.
These patterns often have anomalies, outliers etc that can disrupt time intervals and construe certain price points, but for the most part they seem to stick true to where they should land.
So with that said, see a plethora of symmetry when I work on LTC graphs and there are a few of indicators here that suggest we...
Support level is solid at .382. below this we have the dotted pink line and .236 fib as added support levels.
Next level to test is .5 fib - 0.00036
Indicators look promising, crossover on macd, rsi on the way up, momentum is up but bear in mind this could still test the bottom channel here at any time. for now im bullish
Traders, I see a few different options for LTC coming up soon. The daily RSI shows a little more room for downside but with a greater prospect for upside. The MACD is showing a tad oversold but there's not much evidence there for a bullish divergence yet. I'm hoping LTC can sustain this main purple channel until the next break upwards but if not, there's some good...
