LTC/USD
CMP 332.
Flag pattern visible in 4 hour chart.
Target is 400 plus which is the breakout point plus half of the pole length.
stop 30 period ema.
An attempt to use the 5 stages of bubble on Litecoin value during August to November of 2017. Also, marking the interval between parabolic peaks. Do we see a Fibonacci pattern here?
Very close to an ascending triangle. I'd attempt entry at A followed by B with stop loss at the lower line. Hopefully it'll breakout at the resistance all the way to target "profit".
LTC has been in correction mode for the last week or so with further down time expected towards its support at 35 USD. Its not yet clear how much of an impact a UAHF will have on LTC. Its move breaking the triangle formation will determine its semi-long term movement.
LTC is on the verge of a SegWit activation and has been highly bullish over the last week. I'm expecting a major upwards rise with targets of:
1) 11.42
2) 12.34
3) 14
