Crypto_Ed
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$LTCUSD #LTC #litecoin heading for $70

BITFINEX:LTCUSD   萊特幣 / 美元
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Looking at the current channel, I can see LTC going for a wave 5 up to $70,-
RSI on daily has enough space to let it happen.
We might see a down first.
Target is determined with Fibonacci extensions.
More detailed information in the update on smaller timeframe.
評論: Buy the breakout or bounce on the lower horizontal line

評論: Price made indeed another leg down, now watch price action near the trendline for a strong upmove before you buy.
SL in accordance with your moneymanagement strategy below the trendline
評論: And here is the break out!
評論: LTC is having a hard time these days where BTC is flying.
I changed the blue trendline a bit and shows last hope for LTC.
If the price breaks below this line, its better to close the trade.

Remember: always use proper moneymanagement and stop losses! Better safe than sorry! LTC has risen a lot off late.....

評論: Nice bounce on the trendline and looks on its way for more up

Trend continuation pattern:
評論: sorry, i was to hasty making a chart
this looks better imho

評論: Doing well, nice recovery....lets see if LTC can continue the way up

評論: Ready for breakout?

評論: Nice rally for LTC!
Still on track for $70.
Possible bounce area on chart. Watch price action in the blue box

評論: We're more or less in the targetted area. Keep an eye on price action, we might get a correction from here or in the blue box.

評論:

評論

Called it!
WELL DONE!
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@Crypto_Ed - In case it reaches in Blue Box, how far it can go..
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Crypto_Ed himanshugodhwani
@himanshugodhwani, 85 but its not a rule that it reverses in that box. It might even extend further, you should see it as a zone where to pay attention.
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