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LTCUSD treasure map

Diupdate

This is a log chart for LTC rise and falls within an uptrend channel. Each time LTC will hit upper channel is when the Fibonacci projection is 4 - 4.618, then it will come back to test previous breakout level (green horizontal lines) where it meets lower channel.

Catatan

Looks like this video has a similar view of Litecoin projection, but a bit conservative than mine. But hey, still good enough :)

youtube.com/watch?v=_5g7U86GwCQ&t=3s

Catatan

I will have to adjust the angle, that means the price target to be hit will be later than expected originally. $1600 might be reached during June -+ 7 days. But, as you know, last time LTC hit 420 is also outside of the channel, but it slingback in after a few days. If it happens for the current situation, we might be able to keep going within the channel.

Catatan

I double check other exchange for LTCUSD chart and adjusted the angle of the chart accordingly...the target of 1400-1600 could be pushed off for a month and a half.

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The nearterm targets

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Breaking out of intermedia downtrend line in yellow dot line with decent volume. currently, it is lagging compare to BTC, but soon will be catching up (I suspect)

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Check out the bottom of the chart, when MFI turns green on daily (marked with red hearts), it looks like a very good buying opportunity to go 10x target.

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Cup and handle on 4H:

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breaking out to the upside from rising wedge...

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pennant breaks out...we are continue to be higher:

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