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matthys09
Jan 16, 2020 11:59 AM

LTCUSD Long

Litecoin / U.S. dollarBitstamp

Description

LTC is busy with a small retracement back to the 0.618 Fibonacci resistance line at 55.1, There should be a small uptrend hitting the top channel at 57.5 and could break through to 59.6 . Otherwise will come hit the 0.618 retracement line and shoot up for a breakout up to 64.8. If both channels is broken downwards and the 0.618 line is broken below 54.5 LTC will retrace back to 51 at the 0.5 Fibonacci line.

Comment

LTC hit the target at 59.6, possible retracement back to 56.7 before breaking out to 65
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