gillianpatrice

LTCBTC- Waiting for a test of two levels.

Long
BITTREX:LTCBTC   Litecoin / Bitcoin
LTC is considered a staple for a Crypto portfolio. It has good volume and a good Dev team behind it - Price rallied up to a level of resistance and the Bulls took profit and the Bears have now brought price back to a level that we may see the continuation of the Bullish trend. I like the levels indicated by the green arrows - confluence Fib Extention level of 127% of the first correction wave and a 0382. The Bulls tried to buy this up at the 50% fib level and price failed so let's see what happens at the deeper retracement levels. I have indicated what the price projection could be if we begin to go long from the deeper retracement levels and you will see a confluence of the the 127% Price extension of the overall swing and in a similar proximity a 161.8 extension. This works well for traders. LTCBTC

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