Litecoin - Uptrend - Following Parallel Channel
LTC is currenltly following a parallel channel.
We are currently in an uptrend (see pink line), If we break out this line i expect the price to dip until 186.5 EUR.
Otherwise, if we breakout the resistance (green line), i expect the price to pump up until the biggest support 269 EUR and then start a new Elliot wave pattern.
I will hold while we are in the channel and wait on breakout signs.
Note: 236.5 EUR and 269 are big supports/resistances, so i'll be particular away when reaching those levels.
Good luck guys.
We are currently in an uptrend (see pink line), If we break out this line i expect the price to dip until 186.5 EUR.
Otherwise, if we breakout the resistance (green line), i expect the price to pump up until the biggest support 269 EUR and then start a new Elliot wave pattern.
I will hold while we are in the channel and wait on breakout signs.
Note: 236.5 EUR and 269 are big supports/resistances, so i'll be particular away when reaching those levels.
Good luck guys.
Order cancelled
We broken out the parallel channel. Stop lose triggered at 208 EUR
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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.