LTC target 123~1321D time frame
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LTC retesting the triangle structure with a falling wedge
Now it is going to break out the wedge, breakout is timing to take entry.
TP: 123~132
SL: 79.77
Ltcusdtforecast
Litecoin begins to show strengthLitecoin begins to show strength before halving, which is expected in 31 days
LTC has higher targets12h time frame
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LTC already broke above the triangle structure.
Retest is better entry.
TP zone: 123~133 and final target 170
SL: 86
LTCUSDT - Double Bottom Broke and Retested - 4HRHere we go guys, setup we posted on 28th December has activated. I was in from the breakout of the green trendline slightly lower, and bought few more around 149 as the retest didn't quite pick up my bids which were closer to 146
This setup looks great to go to crazy targets of $270 as I will outline in my next post
However, in the short term all 1HR, 4HR and 1D charts show overbought RSI unsurprisingly and if tomorrows Daily candle is red we will see major bearish divergence form on the day chart
If so we could see the price could short below the neckline of 146, down to regions of 140 and maybe below but I expect this to be bought up and we see this setup 100% play out - would provide great opportunities to buy
Especially if the weekly can close above 146 which I fully expect to happen given current market conditions!
Next post will highlight the weekly chart and my macro target...
