Litecoin LTC - March 1st - Detailed Technical Analysis - T1 - $328, T2 - $400+

in #litecoin7 years ago


General Tone:
ABCDE triangle is in play during this correction phase. Once complete, a impulse 3rd wave attempt is likely to begin
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bullish
Short Term Bias (Today) - Neutral
Long Term Target Prediction - $414++

At the end of this symmetric triangle, we could be attempting our 3rd impulse wave up.

If BTC corrects heavily, we can see these below support ranges:

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Thank you!!! I was waiting for this for so long!

Mama Phil, can you please be kind to your baby pods and also make the BTC pair for bigger coins. The LTC/BTC pair is not moving like the U$D pair and it's making life difficult to read that chart ( I am not asking for targets, but more about EW pattern) Thanks

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Please keep the risk analysis up. vital! Great work👍

Talk about intuition just today I was wondering/thinking/researching flags. Not only that but I was about to close out a position and there were these walls of Sells jumping around wanting me to....sell!...sell! I almost did but I canceled my order and then boom, it went up! Spooky