LTC might gain 40% in the next few days

This is an update to my previous analysis.

The pattern is playing out perfectly... but patterns can't last forever.

Possible entry point is at $120, right below the ichimoku cloud. If it shows signs of going up again, it is possible that LTC will reach $150, then $170-$180. More or less a 40% gain.

Best way to trade this might be to wait for the stochastic RSI to come back above 20.

Comment:

LTC has seen a spike today, but I will be cautious about entering now. Wait until the Stoch RSI reaches a lower point before climbing back above 20.

Extra note: This might be the last long entry in the short term if we are to assume that there will be a pre-halving sell-off. Beyond this, the risk of entering long seems too high and I will avoid trading it.

Comment:

It seems LTC will aim higher without dipping!

Comment:

This is very bad! LTC fell below Ichimoku support, retested it as resistance, and fell again. LTC will probably see more red.