There's some very significant CCI DIVERGENCE on the 12 HR chart. It seems a BULLISH FLAG breakout is imminent for Litecoin.
Wow.... check out this tight compression of CCI to a point around -90. The Cypher harmonic on the 9 HR indicates a STRONG WAVE 3 is IMMINENT!! Therefore, measuring Fibonacci extensions XAB and XCD gives a very high probability price target zone at 61.8% from 173.63 to 176.05
Fibonacci extensions XAB and XCD shows a very tight price target zone from 175.55 to 176.08 at 61.8% . Enjoy your profits.
261.8% Fibonacci Price Projection (ABC) and 78.6% Fibonacci Retracement (BC) shows a very narrow PRICE TARGET ZONE from 154.06 to 155.17 for the end of WAVE 1. Please note stochastics are just coming out from the OVER SOLD zone.
LTC seems to be forming an IMPULSIVE WAVE UP!!
It seems this is the end of WAVE C and the start of an IMPULSE WAVE (1,2,3,4,5). Wave 1 should reach about 157.33 then retrace back to the top of the bullish flag.
I predicted this one from the 12 HR
It seems Wave 2 of B has reached a little over 88.6% retracement of Wave 1 of B.
50% Fibonacci Price Projection and 61.8% Fibonacci Retracement levels fall right on top of each other thus giving a very narrow PRICE TARGET ZONE from 170.01 to 170.68 for the end of Wave B
After W2 reached 100% of W1, now W3 of B begins. W5 of B will reach a price target zone between 177.67 and 177.75
Fibonacci Price Projection (50%) and Fibonacci Retracement (78.6%) shows a very narrow PRICE TARGET ZONE from 177.67 to 177.75 for the end of WAVE B.
The 50% to 61.1% retracement of Wave 5 price zone was right on the money.
Taking fibonacci retracements from the last 2 swing highs yields a prize zone of very narrow Fibonacci levels 50% and 61.8% giving a price target for end of correction at $139
It seems this is the END of WAVE 5 . Be prepare for another CORRECTION . Typical Fibonacci retracement levels for WAVE 5 is between 50% and 61.8% which makes the next price target zone between 158.11 - 162.84 .
15 hrs ago I predicted this price target zone for W3 and I got it right on the MONEY . FIBONACCI IS AWESOME.
Fibonacci price projection and expansion (100% and 200%) shows a very tight price target zone for W3 between 169.03 and 169.59
The last time we had 3 consecutive bullish green candlesticks on W1, IT FOLLOWED BY A HUGE BULLISH GREEN CANDLESTICK. I believe this is logical since we're almost at the end of the triangle.