LTCUSD 3 digit soon?
Updated
Few days ago I marked this day as a deciding point. LTC has decided to break upwards and confirm my prediction to retest $85!
Yes, I said we retest $85 as new resistance, but resistance switching to support is even sweeter.
We are out of the previous channel and back on track to test local high, the 100$.
BUT! Before we go up, we need to really test the $85 as the new support. If 85$ holds in the next few days, we are looking very bullish, and may veery quickly test the next big resistance: $100
In case where $85 gets broken, I am still very bullish and I believe we will bounce back up from $82 because of our past channel we were in.
In worst case of course, my stop loss is currently just below $80.
Yes, I said we retest $85 as new resistance, but resistance switching to support is even sweeter.
We are out of the previous channel and back on track to test local high, the 100$.
BUT! Before we go up, we need to really test the $85 as the new support. If 85$ holds in the next few days, we are looking very bullish, and may veery quickly test the next big resistance: $100
In case where $85 gets broken, I am still very bullish and I believe we will bounce back up from $82 because of our past channel we were in.
In worst case of course, my stop loss is currently just below $80.
Trade closed: target reached
$100 reached! I short here for now
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