LTC retesting 216 for the last time before take-off
What's my price target?
I expect a high for LTC of $300 based on the previous price increase between 28-Jan and 20-Feb, which was 111%.
$300 would be a 77% increase from the final low of the pennant before we broke out and a 38% increase from current levels. I expect we'll get there by the 18-April.
(accordingly when I look at most charts rn, 13-April to 18-April looks like big moves are going to be happening.)
What's been happening with LTC?
We rode up to $244 yesterday, before falling (currently) to retest $216 for the third time in 24 hours.
Why am I confident this will be the low?
Because $216 is the local high from 03-April. Following the break from the 34-day consolidation phase between 20-Feb to 25-Mar (the beautiful pennant formation, if you can re-call?)
The $216 level is also important because corresponds with the 38 fib from this expected increase to $300, and I am therefore expecting this resistance to hold for the third time.
Finally, because fractal analysis predicted this re-test and as always the third re-test is the make or break.
But like everything in crypto it depends on BTC, BTC.D and DXY.
Closing remarks
Good luck and HODL strong people.
I expect a high for LTC of $300 based on the previous price increase between 28-Jan and 20-Feb, which was 111%.
$300 would be a 77% increase from the final low of the pennant before we broke out and a 38% increase from current levels. I expect we'll get there by the 18-April.
(accordingly when I look at most charts rn, 13-April to 18-April looks like big moves are going to be happening.)
What's been happening with LTC?
We rode up to $244 yesterday, before falling (currently) to retest $216 for the third time in 24 hours.
Why am I confident this will be the low?
Because $216 is the local high from 03-April. Following the break from the 34-day consolidation phase between 20-Feb to 25-Mar (the beautiful pennant formation, if you can re-call?)
The $216 level is also important because corresponds with the 38 fib from this expected increase to $300, and I am therefore expecting this resistance to hold for the third time.
Finally, because fractal analysis predicted this re-test and as always the third re-test is the make or break.
But like everything in crypto it depends on BTC, BTC.D and DXY.
Closing remarks
Good luck and HODL strong people.
Finance_Goku
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