LTCUSD totally denied the flag pattern it was doing at 60m chart, and breakout the high of yesterday’s candle (a Harami pattern, in the 21 ema region).
I hope the bulls are showing up right now, and if so, LTC will probably have the strength to breakout the U$ 44.51, and most important of all, the U$ 47.76, which is a fib. retracement and previous top.
It shouldn’t close under the red lines region, it will weaken the whole operation.
The first challenge here is to close above the Harami’s high. The second is to breakout the U$ 44.51. And last, the strongest resistance at the moment, LTC must surpass the U$ 47.76.
We can use the green lines as a target region. It meets one of the previous tops (thick green line), and is a fib. retracement.
I hope the bulls are showing up right now, and if so, LTC will probably have the strength to breakout the U$ 44.51, and most important of all, the U$ 47.76, which is a fib. retracement and previous top.
It shouldn’t close under the red lines region, it will weaken the whole operation.
The first challenge here is to close above the Harami’s high. The second is to breakout the U$ 44.51. And last, the strongest resistance at the moment, LTC must surpass the U$ 47.76.
We can use the green lines as a target region. It meets one of the previous tops (thick green line), and is a fib. retracement.
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