LTC ab=cd pattern or holding support
#LTC/USDT
$LTC is inside descending parallel channel, and below middle line that is the same with long term support zone.
🐻 last swing high was around 0.618 fib level of previous swing down. so price can break down from support zone and drop to lower line of channel that is the same with 1.414 ($52.68) or 1.618 ($20) fib level of last swing high to complete AB=CD pattern.
🐮 if bulls success to hold the support zone and break out from middle line price will head up to upper line of channel that is the same with resistance zone between $165 and $190.
break out from upper line will increase price to $370.
$LTC is inside descending parallel channel, and below middle line that is the same with long term support zone.
🐻 last swing high was around 0.618 fib level of previous swing down. so price can break down from support zone and drop to lower line of channel that is the same with 1.414 ($52.68) or 1.618 ($20) fib level of last swing high to complete AB=CD pattern.
🐮 if bulls success to hold the support zone and break out from middle line price will head up to upper line of channel that is the same with resistance zone between $165 and $190.
break out from upper line will increase price to $370.
