Litecoin - Uptrend - Following Parallel Channel
LTC is currenltly following a parallel channel.
We are currently in an uptrend (see pink line), If we break out this line i expect the price to dip until 186.5 EUR.
Otherwise, if we breakout the resistance (green line), i expect the price to pump up until the biggest support 269 EUR and then start a new Elliot wave pattern.
I will hold while we are in the channel and wait on breakout signs.
Note: 236.5 EUR and 269 are big supports/resistances, so i'll be particular away when reaching those levels.
Good luck guys.
We are currently in an uptrend (see pink line), If we break out this line i expect the price to dip until 186.5 EUR.
Otherwise, if we breakout the resistance (green line), i expect the price to pump up until the biggest support 269 EUR and then start a new Elliot wave pattern.
I will hold while we are in the channel and wait on breakout signs.
Note: 236.5 EUR and 269 are big supports/resistances, so i'll be particular away when reaching those levels.
Good luck guys.
Order cancelled:
We broken out the parallel channel. Stop lose triggered at 208 EUR