Updated

Bounce from .786 retracement for Litecoin

Litecoin waves + fib.

Note

could've broken the curse but instead, just tapped the curse. lol
Doji means neutral. But it's a green doji.
Therefore, we should eye if it'll break the triangle or not. I can see a positive outcome for this chart.

Note

Possible breakout since btc is performing good.

Note

Tapped the .618 in the smaller fib.
Last possible breakout failed.
It keeps on tapping the trend's resistance and I believe it could break anytime if the crypto market perform well.

Note

This is an example of why we need a stop-loss when trading cryptocurrencies. If primary prediction did not play out, you have another option.
In this case, LTC went to almost the very first retracement...
This kind of scenario really happens in a volatile market.
It could really go down just above the very first wave.
That's how crypto works!

Note

I'm still bullish tho! LTC, $500? Probably!

jcjosue2627

Also on:

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.

jcjosue2627

Also on: