LTC Price Action Analysis:
LTC was expected to break out decisively and resume its upward trend a few weeks ago, but it now appears to be forming a larger WXY corrective pattern. However, the C-wave of Y isn’t perfectly fitting within the expected structure, leading to some uncertainty about its completion.
Currently, I’m holding onto this pattern as my primary outlook unless I see a MACD curl-up or a significant increase in volume, which would signal a potential upward move.
If Bitcoin (BTC) experiences another low before beginning its upward movement, there’s a high likelihood that LTC could also make new lows before resuming its upward trend. For now, I’m closely monitoring the signals for confirmation.
LTC was expected to break out decisively and resume its upward trend a few weeks ago, but it now appears to be forming a larger WXY corrective pattern. However, the C-wave of Y isn’t perfectly fitting within the expected structure, leading to some uncertainty about its completion.
Currently, I’m holding onto this pattern as my primary outlook unless I see a MACD curl-up or a significant increase in volume, which would signal a potential upward move.
If Bitcoin (BTC) experiences another low before beginning its upward movement, there’s a high likelihood that LTC could also make new lows before resuming its upward trend. For now, I’m closely monitoring the signals for confirmation.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。