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wallstreetwise

LTC - Double Bottom

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Litecoin (KRAKEN:LTCUSD)  
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KRAKEN:LTCUSD   Litecoin
Trend Analysis Chart Patterns LTC LTCUSD Litecoin (Cryptocurrency) Cryptocurrency crypto short Bearish Patterns pattern
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trendanalysis chartpattern ltc ltcusd litecoin cryptocurrency crypto short bearish pattern
snapshot

LTC is currently on a trajectory to test $60 before a final descent into a Double Bottom. If you look at LTC's pattern from 9/4 - 9/15, we are following a very similar path. Expect LTC to retest a retracement of 61.80 before gaining enough fuel to break out of the bear downtrend (correction). Target is $38 for DB.
Good luck.
-MV
Comentário:
*DB = Double Bottom. It's not a reference to Deutsche. lol
Comentário:
As predicted, we are heading down. However, the break came later than expected. Sideways movement (consolidation) stalled the inevitable downward push. I expect we will retest 61.80%. Stay tuned.
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