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LTC: Potential Breakout Imminent Within 24 Hours

Long
Litecoin (BITFINEX:LTCUSD)  
modernpicasso  
BITFINEX:LTCUSD   Litecoin
Trend Analysis Chart Patterns Wave Analysis LTCUSD LTC Litecoin (Cryptocurrency) Cryptocurrency cryptotrader crypto cryptotrading trianglebreak
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trendanalysis chartpattern waveanalysis ltcusd ltc litecoin cryptocurrency cryptotrader crypto cryptotrading trianglebreak
Observations:
  • After seeing more data, it appears the correction is still in play. However not as deep as previously anticipated.
  • Appears we are currently completing a Wave 2 correction that has formed an ABCDE symmetrical triangle.
  • Watch for Stochastic RSI to bottom out and curl back up for the breakout with significant volume to confirm the start of Wave 3.
  • With this assumption, it could breakout within 24 hours.
Disclaimer
For informational purposes only and not deemed as financial advice

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