LTC / USD Litecoin Long Chance!!
Litecoin finally ready to burst!
Let's see what we got here.
Taking to low to high of the leg, price has retraced multiple times and has shown resistance to that 61.8 golden fib as well as the 25 dollar zone, whilst respecting the major bullish trendling. And most recently breaking the bearish trend line of the major retracement. So I would say if you have been waiting to get in, now is looking good.
For extra confirmation, I would wait for a retest of the 61.8 with a bullish candle engulfing of some sort. If it decides to break through the 38.2 first, wait for the retest or reversal pattern on that :)
Happy trading.
Exciting times guys
Let's see what we got here.
Taking to low to high of the leg, price has retraced multiple times and has shown resistance to that 61.8 golden fib as well as the 25 dollar zone, whilst respecting the major bullish trendling. And most recently breaking the bearish trend line of the major retracement. So I would say if you have been waiting to get in, now is looking good.
For extra confirmation, I would wait for a retest of the 61.8 with a bullish candle engulfing of some sort. If it decides to break through the 38.2 first, wait for the retest or reversal pattern on that :)
Happy trading.
Exciting times guys
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.