unseenwhale

Should I Stay or Should I Go?

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
We have a small but completed H&S pointing to $175ish and a smaller but completed triangle break out targeting $238, which would put us into another bull run. Wait for confirmation on this one cause it could get nasty!
Comment: Look to the total crypto market cap to decide this one; currently at $482.3B.
Comment:
Per my initial comments, the small triangle break out would have put LTC on top of the developing bull flag and signaled a strong breakout through the current uptrend channel. This clearly broke down pointing to a larger but still minor H&S pattern targeting the bottom of the uptrend channel. We are looking for a breakout and confirmation above the flag ($235) OR a breakdown and healthy bounce off the bottom uptrend channel to continue this bull trend ($175+).
update
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We are good for $280-$310 in the short term then we have Litpay later this month. Exciting times for LTC this year
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unseenwhale DashMorgan
@DashMorgan, very bullish on LTC for the year but looks like we will pull back on the short term.
+1 Reply
lilgeegee unseenwhale
@unseenwhale, target of 175'ish?
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unseenwhale lilgeegee
@lilgeegee, $175 is the H&S target BUT we need to see how the .5FIB plays out for further guidance.
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AKES unseenwhale
@unseenwhale, Is the $175 target valid now as it has failed to break the $238 level and could you please tell me which is the 0.5 Fib level
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@AKES, Sitting on the .5FIB now ($228.5). $175 target is valid unless break above $235.
+2 Reply
lilgeegee unseenwhale
@unseenwhale, 4 hour or daily?
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AKES unseenwhale
@unseenwhale, Thank you!
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