Long

LTCUSD Recovery

By marshallblack

Updated

It appears that the storm is over. Let's see if LTC fares the weather, with 208 as her next target.

Note

Target 1 Reached :)

Note

TARGET 2 REACHED

Trade closed: target reached

tradingview.com/chart/XyBOwZ5h/

LTCUSD hit two of my targets on the fibonacci trend extension. at this point there is recognizable bearish divergence on the RSI and STOCH. RSI.

From here I will look for reentry at around the 4hr; 50 ema zone at $200. this formation is comparable to a falling wedge, which is a very unpredictable pattern that often 'fakes out' before determining direction. Use caution when deciding reentry.

marshallblack

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