BTCE:LTCUSD: upgrade (Sept.04)
Updated
I made some adjustments as the bat pattern's targets, I improved the measurements.
As we know LTC unfortunately travels according BTC movement.
1st possibility: the $2.51 that it made the last night might be an attempt to make double bottom, if so it just confirmed the 1st wave's beginning up to $3.7 at first, and the higher target could reach $8.6 more or less as long as it continues the same pattern.
2nd possibility: $3 was the 4th wave, then it will make the 5th wave down to $1.8 more or less
Note the RSI behavior
As we know LTC unfortunately travels according BTC movement.
1st possibility: the $2.51 that it made the last night might be an attempt to make double bottom, if so it just confirmed the 1st wave's beginning up to $3.7 at first, and the higher target could reach $8.6 more or less as long as it continues the same pattern.
2nd possibility: $3 was the 4th wave, then it will make the 5th wave down to $1.8 more or less
Note the RSI behavior
Note
This is a clear case when sideways cause you lose the focus. The most of times people forget the times and precipitate to enter a trade when it has not reach its target.
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