ltc-joe

ltc-joe

This is just a variation with out the doomsday scenario. This one may be more likely.

ltc-joe

It should be interesting to see what happens with LTC/BTC in the coming weeks, something similar to what occurred in the white rectangle could be developing...LTC/BTC throughout it's lifespan has had these huge corrections (sometimes full retraces) which are then followed by sharp bubbles up. I could also very likely see this dump ending at around .00585 support...

ltc-joe

Where do we go now? On shorter time frames it looks like a head and shoulders pattern could be forming, but this is not yet confirmed...if that falls apart we should test the red trendline...if it holds we may have found ourselves in an even bigger ascending triangle...if not that's bad news BEARS. $400 level would be next up.

ltc-joe

See the chart.