Here I present to you the macro Fibonacci targets for $LTC. CRYPTOCAP:LTC has surged +30% the past week in anticipation of the halving event in August . We have successfully wicked the 0.236 ($114.66) Fibonacci level. As expected we faced a first rejection. I expect a fast upside movement once we surpass $114.66 which will bring us to the psychological...
After predicting the previous inverse head and shoulder (IH/S) pattern that broke out to $97, I present to you yet a new IH/S pattern drawn in the chart. The target is $110. Notice the next Fib level after the completion of this this pattern is $130.
Notice the last two cross candles. They reflect market hesitancy and a potential reversal, in this case a run up. Just a thought.
Yes we dumped. Why? Because of the SEC and binance. Do not be scared. $130+ is still in the cards. Look at the previous time we had a big red candle, we hit the ascending support line and bounced right up and eventually hit a monthly high of $97.5. The same thing is happening now, in spite of FUD. CRYPTOCAP:LTC is impressively strong and resilient:...
Litecoin is about to breakout from this white triangle. Notice the inverse head and shoulder pattern I predicted last week, before its formation began. It’s a bullish pattern. We almost invalidated the pattern but soared up right away. Immediate target: $97 Next: $130 Espect a potential traceback to 92 once we reach target 1, before reaching...