meszaros
Long

LTCUSD Correction Movement...

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
236 2 10
LTCUSD             Correction Movement. In our opinion, the exchange rate can still produce a higher wave of growth than ever before. Its size is doubled in the previous wave. This double wave rise is preceded by a correction. This rise can start from 59 usd levels. But here's an important thing. Generally, a larger increase can be preceded by a larger correction. (Even a clutter) Because the size of ATR based corrections can be doubled upwards. Another important thing, if the dollar starts to intensify, then the momentum of the rise can be reduced, which will lead to a persistent             target price decline. In this case, level 69.71 can be considered a target price. Otherwise, the target price, the primary 75.44 usd secondary is 81.9 usd.
Great analysis, thanks for sharing
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meszaros PRO gguariguata
@gguariguata, Thank you for your appreciation.
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