cstevens97

ltc usd nuetral idea with long targets and short targets

cstevens97 Updated   
COINBASE:LTCUSD   Litecoin
Depending on how each mini ascending triangle (depending if they're confirmed as ones, with the trend lines of a triangle needing to run along at least two touches of horizontal top of triangle and two swing lows in which the seconds higher then the first.
Comment:
Note: If this current potential ascending triangle breaks upwards and confirms the second, the swing low if we breakdown from that triangle is 59$ compared to if we confirm this current potential ascending triangle and breakdown we have a potential swing low of 43$
Comment:
So it'll be important to push towards the 85$ by the end of August
Comment:
The two day timeframe i just posted is looking good, but we just retested the support line and if rejected we may see those lows sooner out of the measured move of the break in the ascending triangle...just another perspective and possibility,
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.