Last analysis on LTCBTC ended up falling through the bearish zone before completely dying. After re-evaluation it appears to have formed a bullish Gartley pattern. The last gartley in crypto ended up failing before Target 3.
How will this one fare?
Wait for the green box to confirm! We MUST bounce in the yellow area or this analysis can be immediately disregarded.
TA on alts is VERY tricky especially against Bitcoin.
Good luck traders.
How will this one fare?
Wait for the green box to confirm! We MUST bounce in the yellow area or this analysis can be immediately disregarded.
TA on alts is VERY tricky especially against Bitcoin.
Good luck traders.
Comment:
ok I like what I'm seeing here, keep in mind that that BD leg CAN go all the way to 2.618 instead of 1.618 so this pattern can actually still be valid with another big drop. either way, if we don't maintain bullish momentum from or in the yellow box just avoid this.
Comment:
LTC looks very good, I wouldn't say it's strong exactly as all crypto is weak rn, but that's a nice bounce followed by a hammer. These are good things, keep an eye on it
Comment:
this is really holding up surprisingly well with the state of Bitcoin. obviously the value of btc dropping helps, but really even ltc against btc should drop as well. I'm very interested to see what happens at the .618 time zone, maybe there should be more clues as to the validity of this chart