Looks like LTC if about to complete the ABC Correction Wave. It should take a few hours. once it does, we can expect it to head up again.
Yesterday's High $236 would be the resistance and it has to break it to reach the next target which is around $268.
Let me know your thoughts. Do leave a comment.
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This is not a trade signal. I am just sharing my 2 cents.
Yesterday's High $236 would be the resistance and it has to break it to reach the next target which is around $268.
Let me know your thoughts. Do leave a comment.
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This is not a trade signal. I am just sharing my 2 cents.
Comment:
Please do leave a comment if i am wrong. I am not an expert. I am still learning. So, feedback, criticism are much appreciated and will be taken into consideration :)
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Comment:
Though the actual chart which i shared had an error in the ABC Correction wave..
but the markings were perfect :)
LTC moved up from the exact spot of C
but the markings were perfect :)
LTC moved up from the exact spot of C
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Experts let me know whether i should have considered this as Descending Triangle or the ABC Correction Wave
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Ltc is trying hard to break th yesterday's high $236..
If it gets enough support from BTC and ltc volume... It should touch the first target easily
If it gets enough support from BTC and ltc volume... It should touch the first target easily
