Hello Traders,
In this analysis, we want to take a look at the 1-hour chart of LTC/USD (Bittrex)
Currently, LTC/USD is in a range between 44.072 and 57.220. But the difference here is that it took the last A high at 57.220 which is suggesting more upside in mid-term. Ideally, it goes to the yellow box where it should end the ab correction, for the next move to the upside. Initial target will be 67.853.
We will readjust the forecast when it breaks the low of black B at 44.072. Otherwise, Litecoin should be supported.
Hope that helps
Cheers
In this analysis, we want to take a look at the 1-hour chart of LTC/USD (Bittrex)
Currently, LTC/USD is in a range between 44.072 and 57.220. But the difference here is that it took the last A high at 57.220 which is suggesting more upside in mid-term. Ideally, it goes to the yellow box where it should end the ab correction, for the next move to the upside. Initial target will be 67.853.
We will readjust the forecast when it breaks the low of black B at 44.072. Otherwise, Litecoin should be supported.
Hope that helps
Cheers
Handel aktiv
Kommentera:
Doing pretty well
Trade stängt: målet nått:
Target reached, very good profit over there!
