LTC - close to end multi-year correction against BTC
Here is what I am observing.
Close to breakout from main descending (3 years long) resistance line. 2,5-year long bullish divergence on MACD/RSI.
2 years of accumulation.
Forming rounded bottom.
Finishing of ABCxABCx12354 correction pattern from the beginning of LTC.
Double bottom formation.
The last couple of weeks has almost zero volatility (silence before the storm).
Targets are based on a fib. retracement levels of the last correction wave with the possibility of the top at 0.035-0.04 BTC.
Close to breakout from main descending (3 years long) resistance line. 2,5-year long bullish divergence on MACD/RSI.
2 years of accumulation.
Forming rounded bottom.
Finishing of ABCxABCx12354 correction pattern from the beginning of LTC.
Double bottom formation.
The last couple of weeks has almost zero volatility (silence before the storm).
Targets are based on a fib. retracement levels of the last correction wave with the possibility of the top at 0.035-0.04 BTC.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.