As You see, LTC cracked out the channel (red was the upper limit and green was the bottom),
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Down from 12/2017 peak $370, Litecoin did 3 wave down Zigzag structure, and up from there, LTC has started a new cycle higher.
It was hitting our 78fib in the 1st wave, now the LTC is expected to bounce in 3-5 waves.
It was hitting our 78fib in the 1st wave, now the LTC is expected to bounce in 3-5 waves.
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As you see LTC made the wave, and it sits at it's supportline, now the next wave is coming...
The following waves will do the same ping-pong between the old fib(faded) and new(vivid) fib levels.
Now EMA and MACD are stronger than last time, so target I is around $268,and after that LTC will do a similar move to catch II target around $306, if the momentum is sufficiently strong, LTC may do it @ 2in1!
Have a GOOD trade!
The following waves will do the same ping-pong between the old fib(faded) and new(vivid) fib levels.
Have a GOOD trade!
The volume of trading is okand the volume EMA seems good as well.
On the top of this the MACD (/day) hit the signal of bullish rising.