LTC might gain 40% in the next few days
Updated
This is an update to my previous analysis.
The pattern is playing out perfectly... but patterns can't last forever.
Possible entry point is at $120, right below the ichimoku cloud. If it shows signs of going up again, it is possible that LTC will reach $150, then $170-$180. More or less a 40% gain.
Best way to trade this might be to wait for the stochastic RSI to come back above 20.
The pattern is playing out perfectly... but patterns can't last forever.
Possible entry point is at $120, right below the ichimoku cloud. If it shows signs of going up again, it is possible that LTC will reach $150, then $170-$180. More or less a 40% gain.
Best way to trade this might be to wait for the stochastic RSI to come back above 20.
Note
LTC has seen a spike today, but I will be cautious about entering now. Wait until the Stoch RSI reaches a lower point before climbing back above 20. Extra note: This might be the last long entry in the short term if we are to assume that there will be a pre-halving sell-off. Beyond this, the risk of entering long seems too high and I will avoid trading it.
Note
It seems LTC will aim higher without dipping!Note
This is very bad! LTC fell below Ichimoku support, retested it as resistance, and fell again. LTC will probably see more red.
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