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⋅ We have a break above resistance.
Looking for a retest, with a continuation to the next resistance above around .00300000
Not financial Advice
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⋅ A break above with a retest and we are headed for .00035000
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⋅ this printed big time
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⋅ Here is the development I am watching in this pairing. This is the key to the market in my opinion.
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⋅ A new update to this idea from the weekly perspective.
This looks like a big bullflag, with the retracement of the impulse reaching to the .5 Fib retracement level.
This also aligns with an area of interest and support.
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⋅ LTCBTC update on the daily chart.
Looks like LTC needs to retreat further against BTC.
LTC is chopping between the two purple supply zones, making lower highs.
Top RSI trend is valid.
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⋅ LTC/BTC Daily Chart
It appears LTC might be in for another leg up against its BTC pairing.
Notice the uptrend in the volume oscillator.
RSI is around 40.
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⋅ LTC is checking against BTC for a major Support.
This support also coincides with the .618 FIb level>
RSI is way oversold around 20 at time of update.
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⋅ This structure seems to be forming again from the original idea, just at a higher level. This is the Daily Chart.
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Possible Inverse Head and Shoulders on the Weekly Chart.
Possible targets for the impulses marked in white horizontal lines.
This could be a signal for the alt market.Comment
⋅ I think the next major macro target for the LTC/BTC pairing is .007.