Good morning, the targets and timeline shown in the original chart still stands for now (we could theoretically make the last bull flag before kick-off outside of the curve but that's going to be a wait and see call) depending on how the price moves after this final drop. If the timing does hold and the bull flag is made within the curve, that bodes well for the Litecoin to 400 forecast.
As you may have guessed, the price is poised to take yet more of a detour before we kick off the new bull run. Now we're looking at the downward sloping green line as support (somewhere around the mid-7k range). We'll be looking for a hit, then immediate retraction leaving a long wick... and a double bottom. Should this happen, I will be revising my initial target (for the jump after the IHS pattern is completed) from 26.5k to 29k.
As you may have guessed, the price is poised to take yet more of a detour before we kick off the new bull run. Now we're looking at the downward sloping green line as support (somewhere around the mid-7k range). We'll be looking for a hit, then immediate retraction leaving a long wick... and a double bottom. Should this happen, I will be revising my initial target (for the jump after the IHS pattern is completed) from 26.5k to 29k.
Comment:
We're probably going to drop to 7850 any minute now... but with any luck that might be it, and we go up from there... obviously such details are never certain, especially with crypto...
Comment:
and $7400 for the win...
Comment:
it's going to start moving up at a faster clip.
Comment:
Final drop incoming... target $6375
Comment:
starting to sound like the boy who cried wolf at this point... but... I see a big drop incoming...