LTC has made an impulsive move recently and bounced off the 88 fib where a Bat pattern normally completes. If Ltc fails to break out from the trendline impulsively we can easily see ltc drop down to the 1.13 to 1.27 PRZ which is the $60-90 range. we have had many bat patterns fail during this corrective period and the bat pattern stats on cryptos havnt been very successfull at this stage. Chances are this will fail too only to see potential reversal zones as mentions. should breakout ail happen the bigger strucure would give us a nice ABC or more complex WYY pattern ending at the 88 fib alsoon the bigger picture strucure. The bigger WXY structure looks more complete and im biased to a non br3akout at this stage. as i posted earlier i have been noticing many if the crytpos are heading or passed the 88 retracement levels and cant see this being any different at this stage. lets see how this plays out. yes we had some volume, price movement etc etc but big brother BTC aint moving yet.
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www.tradingview.com/x/6og1O4ALTCUSD LTCBTC weekly charts doesnt look good. looks like we heading to complete abc or wxy as originally projected. looks like we coming back to that major trendline. big timeframes always supercede the noise from the smaller timeframes
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LTC freefalling nicely,... targets looks good
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ltcusd looks like its the first to break thriugh the sell flags on many cryptos. whos next?
