Welcome to this analysis about Litecoin, we are looking at the 30-minute timeframe perspective. In recent times Litecoin moved on to test remaining resistances in the upper ranges from where it firstly pulled back to the downside and now is forming this triangle-formation marked with the black boundaries in my chart, in this formation Litecoin has a coherent wave-count with the wave C about to complete in the next times, when this wave C ending manages to bounce in the blue back-up-cluster this will be the origin of a breakout above the upper boundary finalizing the formation and activating further continuation otherwise when this does not happen and Litecoin moves into the bullish-invalidation-range this will invalidate the triangle.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
Finally you got your chart right. First time in the last 3 times I saw your comments lol. Question to me is do we get a push through 300?
Redxtra
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@frankthetank1, He isn't gonna respond right after you diss him lol
ClementEU
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Goes as drawn:)
What are the projected target price levels after bounce above the boundary level?
VincePrince
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@ClementEU, Thank you, normally it is the widest percentage range between the boundaries to the breakout place, this is the more likely case here as well. Greetings.