Could this be as simple as a 5 wave pattern ? The worst case of this possible wave 4 is that we keep declining until €207 ($250) and then a possible upside to pass its Coinbase all time high of €350 ($422) and possibly rise to between €380-400 ($460-485) or am I being too optimistic it hahah ? I would love to see the OG Litecoin smash its ATH! I would love to get...
Litecoin has shown great strengh these days. Not a good idea to enter right now on the green candles. However there are some potential entry points to consider when getting into LTC again with the EUR pairing.
My idea is to enter at LTC at €240 or €200,-.
LTC seems to be forming a cup and hand pattern. As we all know long term patterns are always more accurate
This would also means that LTC would retrace slightly during the next few week
Not a financial advice
Waiting for signs of accumulation off of key support. Last high volume events are circles. Looks like stopping volume. If you think of the concept of effort versus result, this may be a good example to get an idea of what high volume abruptly stopped at support and the result of that look like. Quite a large markup with little in its path. The daily also looks...
Hello dear readers,
the idea for this trade was presented by me HERE on April 11th and was a real picture book trade :)
Now the trade is finished:
Symbol: LTC/ EUR
Duration of trade: 12 days
Profit: 54% Conservative
All price targets worked off: Yes
So this trade can be filed away, on to the next one :)
As always, it's "do your own research" - I am not an...
If LTC corrects, from the hi/lo and volume I deduced it could reach the marked support levels. From the overall popularity and demand for crypto I think that in the medium-term the trend is looking to be bullish .
I know corrections are usually considered 10% falls in price, but for crypto I feel the percentages are a bit off.
Feel free to to leave a comment if...
