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Moonsie Indicator for Litecoin USD, with explanation & targets
Moonsie Indicator:
Top of the inverted triangle to the bottom of the inverted triangle = - $310
Right corner of the lower part of the inverted triangle to the top of the inverted triangle = + $285
Addition: $310 + $285 = $595
Multiply $595 by the decline percentage 75%:
$595 x 0.75 = $446
Add $446 to the breakout, which is the upper resistance line of the inverted triangle (around $135) = $135 + $446 = $581 = target.
Target date: period from top to bottom (+/- 49 days in this case) divided by 2 = approx. 25 days.
Top of the inverted triangle to the bottom of the inverted triangle = - $310
Right corner of the lower part of the inverted triangle to the top of the inverted triangle = + $285
Addition: $310 + $285 = $595
Multiply $595 by the decline percentage 75%:
$595 x 0.75 = $446
Add $446 to the breakout, which is the upper resistance line of the inverted triangle (around $135) = $135 + $446 = $581 = target.
Target date: period from top to bottom (+/- 49 days in this case) divided by 2 = approx. 25 days.
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