A quick analysis on Litecoin (LTCUSD)
1) Looks like Wave 5 is doing strong and quick in the above diagram
2) Reached the first target of $360 at FIB 50%
3) Strong liquidity (take profit) event will come at $285 as it will cross 2018 $375 all-time high to make new ATH at FIB 61.8% ($285)
4) If the market still holds it might shoot to $405 (or) $430 to FIB 70% or FIB 78.6 % extension
Summary :
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1) Looks like the bulls/buyers are pumping the market to reach ATH ( all-time-high ) to $385-$400
2) Take partial profit around $385-$400 before the party is over
Happy trading, feedback is always appreciated
1) Looks like Wave 5 is doing strong and quick in the above diagram
2) Reached the first target of $360 at FIB 50%
3) Strong liquidity (take profit) event will come at $285 as it will cross 2018 $375 all-time high to make new ATH at FIB 61.8% ($285)
4) If the market still holds it might shoot to $405 (or) $430 to FIB 70% or FIB 78.6 % extension
Summary :
-------------
1) Looks like the bulls/buyers are pumping the market to reach ATH ( all-time-high ) to $385-$400
2) Take partial profit around $385-$400 before the party is over
Happy trading, feedback is always appreciated
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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.