$LTCUSD #LTC #litecoin heading for $70

Looking at the current channel, I can see LTC going for a wave 5 up to $70,-
RSI on daily has enough space to let it happen.
We might see a down first.
Target is determined with Fibonacci extensions.
More detailed information in the update on smaller timeframe.

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Buy the breakout or bounce on the lower horizontal line

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Price made indeed another leg down, now watch price action near the trendline for a strong upmove before you buy.
SL in accordance with your moneymanagement strategy below the trendline

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And here is the break out!

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LTC is having a hard time these days where BTC is flying.
I changed the blue trendline a bit and shows last hope for LTC.
If the price breaks below this line, its better to close the trade.

Remember: always use proper moneymanagement and stop losses! Better safe than sorry! LTC has risen a lot off late.....

Komentarz:

Nice bounce on the trendline and looks on its way for more up

Trend continuation pattern:

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sorry, i was to hasty making a chart
this looks better imho

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Doing well, nice recovery....lets see if LTC can continue the way up

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Ready for breakout?

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Nice rally for LTC!
Still on track for $70.
Possible bounce area on chart. Watch price action in the blue box

Komentarz:

We're more or less in the targetted area. Keep an eye on price action, we might get a correction from here or in the blue box.

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