LTC was hard hit at the beginning of the crash since December. However, the drop slowed down towards the end.
We're now having a bull flag. It could serve as a measuring device:
In the previous jump, once we faced a bull flag we had a 0.5 retracement before jumping to 3.618x extension. This gives us a hint at the potential target of around $440 after perhaps retracing to $200.
This chart accompanies a YouTube video I'm posting.
We're now having a bull flag. It could serve as a measuring device:
In the previous jump, once we faced a bull flag we had a 0.5 retracement before jumping to 3.618x extension. This gives us a hint at the potential target of around $440 after perhaps retracing to $200.
This chart accompanies a YouTube video I'm posting.
Kommentera:
Very surprised that it couldn't break out of 230. Was deciding between XMR & LTC last night but chose to double down on LTC ---> short-term mistake.
Kommentera:
LTC has bullish divergence on vol now (4h)
Kommentera:
just hit the block height for the "litecoin cash" fork. some ppl immediately try to short it --- but at this point it's going to provide a buy opportunity IMHO
