LITECOIN (LTC) Shows a Bullish Ascending Right Triangle... Target $79.76

in litecoin •  7 years ago 

SUMMARY

LITECOIN (LTC) is confirmed and completed for this bullish ascending right triangle. It broke out of the upper horizontal line with volume and gusto! Using the target calculation (parallel line meeting the apex point); Target is $79.76 or so.

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7 years ago by

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    • [-]
      ·  7 years ago (edited)

    Well, I sold impulsively half of my litecoin to raise cash in case of an eminent bear market, while a stop-loss would have had the same purpose...

    I think I can distinguish 5 waves from 50 to 60$
    Could we expect it to find support at around 54,7 / 53 if it's the case ?

    Edit:
    Perhaps this could set aside a correction on the short term

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    11 votes
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      ·  7 years ago (edited)

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    [-]
      ·  7 years ago 

    That chalice of wealth still looking good for steem?

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    [-]
      ·  7 years ago 

    It was also strongly rejected on the hourly and is currently below the horizontal resistance of the ascending triangle. Would that place some doubt into the target of $79?

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      1 vote
      [-]
        ·  7 years ago (edited)

      https://steemit.com/litecoin/@haejin/litecoin-ltc-update-sitting-on-support-w-strong-volume

      LTC sitting on staunch support, what used to be resistance. It breached it was impressive surge in volume. I hold my target, but if profitable, protect the profits.

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      [-]
        ·  7 years ago 

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        [-]
          ·  7 years ago (edited)

        Tnx for your analysis! U & R

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          [-]
            ·  7 years ago 

          Thanks for sharing! I hope the price rise soon!

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            [-]
              ·  7 years ago 

            Boom 79 $ is a lot. Let's see how it turns out. I'm happy I didn't trade all my LTC for BTC or so altcoins.

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                ·  7 years ago 

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