Litecoin has been strong lately. Interesting structure in 1h to buy correction in 3 waves pullback.
Careful, still bearish in 1h ...
More analysis with our patrons.
Careful, still bearish in 1h ...
More analysis with our patrons.
Comment:
3 waves down as regular FLAT (3-3-5) with RSI divergence in lower time frame to confirm. Should be doing at least 3 waves up to challenge the high (green 1) and if successful open the door for a bullish sequence.
Comment:
Right in the money. Stop raised to below last low 0.01698. Targeting 0.0195-0.029
Comment:
ltcbtc held the low and I believe we are in the 3rd leg already to take intermediary high en route to 0.01818-0.01837 which should open the door for a bullish sequence above 0.01827. Failure to take out this level would put back pressure to the downside for a double correction. We are risk free position 0.01695. If taken out, no harm done, I will jump in the double correction lower.
Comment:
in the zone in 15min for another shot to the upside. Don't like to see going down below 0.0171 from here. If it does, and break 0.01570, the plan is set (look for 0.01640-0.01609)
Trade closed: stop reached:
Stopped out break even. Can we catch 0.01641? Well, we see about that in the next Idea.
Another opportunity is double correction. But let see the reaction here first.