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cristian-ruiz
Jan 8, 2018 10:27 PM

Litecoin - Uptrend - Following Parallel Channel Long

Litecoin / EuroCoinbase

Description

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.

Order cancelled

We broken out the parallel channel. Stop lose triggered at 208 EUR
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