Litecoin dramatically broke out of its 2 week range yesterday.
Notice how the high of the day (12/8) tagged the 1.272 extension I had drawn from the bottom of the previous low to the range's high. Price then closed right at the 1:1 range extension at 127.56.
Next target is in the 204.26 - 209.71 range. This is the confluence of the 2.618 extension from 2 prior ranges.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Notice how the high of the day (12/8) tagged the 1.272 extension I had drawn from the bottom of the previous low to the range's high. Price then closed right at the 1:1 range extension at 127.56.
Next target is in the 204.26 - 209.71 range. This is the confluence of the 2.618 extension from 2 prior ranges.
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
