LiteCoin (LTC/USD) *Chart Pattern Identified*
Updated
I am bearish and this is why:
**NOTE** Same thing MAY apply to LTC/BTC I probably wont make a post on the BTC pair but check it out. they should look very similar.
Litecoin is not the only one. I seen this yesterday before wave 5 was put in.
this looks perfect imo but think we can hit the orange trend lines 1-2 more times.
If we break up thats another story. But for now this is bearish and I see it across the board on a 4 hour chart.
Follow for more charts, give this post a upvote/like and comment if you have any questions.
Thanks!
- Fractal found from last Ascending Triangle .
- Yellow 1-5 Impulse looks complete.
wave (Pink) C looks to be complete. - Fib Extension looks to have hit the 1.272 level in the RED BOX perfectly!
**NOTE** Same thing MAY apply to LTC/BTC I probably wont make a post on the BTC pair but check it out. they should look very similar.
Litecoin is not the only one. I seen this yesterday before wave 5 was put in.
this looks perfect imo but think we can hit the orange trend lines 1-2 more times.
If we break up thats another story. But for now this is bearish and I see it across the board on a 4 hour chart.
Follow for more charts, give this post a upvote/like and comment if you have any questions.
Thanks!
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For anyone who shorted the top when I called it... congrats! if you're not it... wait for the retest. we should be bouncing up soon I think at-least 50% of the drop.
this was not manipulation, not some secret whale group, not an insider job.
it was a rising wedge/ascending triangle/end of a 5th wave.
what ever you want to call it.
It is literally just simple T.A that would've shown. Buy the bottom, long the top, but the bottom, long the top...
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