This is a log chart for LTC rise and falls within an uptrend channel. Each time LTC will hit upper channel is when the Fibonacci projection is 4 - 4.618, then it will come back to test previous breakout level (green horizontal lines) where it meets lower channel.
Note
Looks like this video has a similar view of Litecoin projection, but a bit conservative than mine. But hey, still good enough :) youtube.com/watch?v=_5g7U86GwCQ&t=3s
Note
I will have to adjust the angle, that means the price target to be hit will be later than expected originally. $1600 might be reached during June -+ 7 days. But, as you know, last time LTC hit 420 is also outside of the channel, but it slingback in after a few days. If it happens for the current situation, we might be able to keep going within the channel.Note
I double check other exchange for LTCUSD chart and adjusted the angle of the chart accordingly...the target of 1400-1600 could be pushed off for a month and a half.Note
The nearterm targetsNote
Breaking out of intermedia downtrend line in yellow dot line with decent volume. currently, it is lagging compare to BTC, but soon will be catching up (I suspect)Note
Check out the bottom of the chart, when MFI turns green on daily (marked with red hearts), it looks like a very good buying opportunity to go 10x target.Note
Cup and handle on 4H:Note
breaking out to the upside from rising wedge...Note
pennant breaks out...we are continue to be higher:
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.
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.