LTC heading to 300+ in April

The chart highlights simple pattern recognition. The "You are here" arrow shows a simililar structure to the current market conditions. Expecting LTC to gain momentum this weekend into next week and push into the 300's by April.

The current price is 200.96, and today could be the last chance to buy Litecoin at $200.

Commento:

The 0.5 Fib at 191.54 has established itself as support twice (March 16th and March 21) to form a W reversal (double bottom).

If buying pressure breaks 206+, we could see the price run back above 245.

A break below 191.54 would likely be a BRIEF retest of 178 - 180

Commento:

Nice bounce off the 0.618 Fib, as well as our GREEN trendline.

Commento:

Watching LTC closely tonight. Momentum looks strong but we need to push past 275 tonight in order to reach 300+ without a retrace.

Trade attivo:

LTC/BTC pair is just getting started. If you aren't in LTC already, wait for another opportunity to buy on the 4h and load up

Trade chiuso: obiettivo raggiunto:

Price has reached our upper trendline. We could see a retrace from this level.