I want to share something I found, during this time LTC price shocks around 194 YUAN, and I draw a Fib retracement level from 2013 top to the lowest point, 194 is exactly at 50% ! In other word, we are not reaching top yet, if LTC break through this triangle before reaching it's end, that will pull up Stoch RSI on daily, I think we will have a great chance for going up to 300 YUAN, and that is 78.6% of the Fib retracement.
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Pressure from the upper track, classic.
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LTC didn't break through the upper track of the triangle this time, let's wait and see what will happen when Stoch RSI reaching over sold zone tomorrow.
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We might get some resistance from 78.6% the 300 YUAN
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Slow down, my baby.
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To infinity... and beyond!
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Support on 300 YUAN the 78.6% 1st time tested.
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Resistance track and shock area, Will Monday be a good day?
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MA90 on 30 minutes holds well
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Huge resistance from upper track.
Trade closed: target reached
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I have closed all my long position, good luck folks, hope you have enjoyed this trip.
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Hope you are fine...
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If the volume didn't increase to help the price break through the upper track, I think LTC will come down to test some support level.