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Litecoin (LTC/BTC) - The Matrix Revealed

The future and the past, the elegant dance of two creates the present. Welcome and good luck with trading ;)

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One rule, if it leaves the triangle it will break out big down or up.

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Litecoin will be heading to 0.01555

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Thinking we will find strong resistance at 0.01555-0.01600 and make a handle on this cup with yellow lid before going up higher.

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Could be heading to 0.016895

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To further understand my claims, have a look at this older chart. Where the yellow line was also a crucial uptrend line. This one will act as strong resistance now.

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I repeat target reached of 0.016895!

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Red bars are fractal overlay of previous flagg. We should consolidate at this point.

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To be on the safe site, I would short here. This could turn into a massive H&S pattern and still resistance at these levels.

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To support my last comment. LTC has been very bearish after each strong rise (I & II) and the ABC correction showed almost no big up to B. It is wise to exit or short here and have a look if this goes really up more.

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Log-Chart that also says shorting is wise.

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Update on Litecoin. Normal correction should play out after 3 successive waves, even reached the utmost zone of the large triangle. Target points are in the chart

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The trend should stay in the triangle.

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PERFECT bounce at bottom of triangle. Nice!

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Looking more and more like a massive Heads and Shoulders.

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Have a look at the picture I posted on this feed 1 Sept.

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With I, II and III :)

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LTC outside triangle.. Bad.

TheTrex

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

TheTrex

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