Chikun was leading the Bull Trend and then got tired. Big brother (Bitcoin) finally caught up an passed LTC. Now that a correction looks be here, lets take a look.
This plot is based on a Fib with "Golden Extensions". This is a rare example of "Perfect Growth" as in nature. More common is a "Linear Growth" with simple multiples.
It is about to test a Golden fib at $100.14 (and psych). It seems unlikely to hold, but reaction is worth noting. Break below could lead to the next Gold Fib at $70.36.
Of course the King (btc) will determine overall direction. Of course we are due for a serious correction eventually. Of course anything can happen but UpTrend is my thought.
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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