LTC has been forming a bull flag, on the 12H chart, for the past few days. It broke out of this earlier today and looks set to retest the upper resistance of the flag. This should hold and start moving upwards again.
Since the December ATH LTC has played the Fibonacci Retracement lines perfectly (as circled).
Target: The flag pole of the bull flag gives a target of around ~ $313, however, with the 78% fib line at around $334 I would expect this to act like a magnet when the prices get close.
I am setting some sells in the $312 to $350 range.
Since the December ATH LTC has played the Fibonacci Retracement lines perfectly (as circled).
Target: The flag pole of the bull flag gives a target of around ~ $313, however, with the 78% fib line at around $334 I would expect this to act like a magnet when the prices get close.
I am setting some sells in the $312 to $350 range.