StoeanStefanCosmin

LTC and a possible inverted head and shoulder

BITSTAMP:LTCBTC   Litecoin / Bitcoin
If the price will hit the yellow : 0.01866150 we will have an inverted head and shoulder , the profit target for this you can see on the chart, and probably the price will hit the Fibonacci : 1.272

If the price goes down to the Fibonacci 0.618 ( is drawn with a red line ) and return to the yellow : 0.01866150, we will have a double bottom .
You will have the same target price like the inverted head and shoulder .

In the both situation you can buy , only after a candle closes over the yellow : 0.01866150
Comment:
I forgot to update the Elliott wave on the chart
on 0 it starting ,
on 0.01049 it is the first wave (1)
on 0.00889 the same with Fib 0.236 it is the wave (2)
on 0.020069 we will have the wave (3)
on 0.014057 we have the wave (4)
This is another reason to believe the wave 5 is the target that I already puted on the chart .

all the numbers that I posted are Satoshi to help you identify all the waves .
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