LTCUSD has a shot at 51.65 : Litecoin Fibonacci Fractal?

Last wave up LTC went 3.236 > 1.236 > 4.236.
This time 3.236 touched even more optimistically.
Hopefully it will bounce above the 1.236 this time.

Comment:

Sorry for lack of updates. Currently looks like 45 then 43 possible retrace points

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Trade closed: target reached:

Nice! target hit, am out for now.

will prolly go higher, but any remaining gains will be "high risk" imo so will not chase. Now will look for retrace to buy back

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Comment:

So now that we are pulling back for the target, I drew a fib (red) on the first apparently impulse down

and that fib's red 2.681 lines up perfectly with the green 3.618 from fib up, around 48.40. So taht will be first price of interest. But as retrace continues (if it does) I will keep evaluating the red fib's origin (sometimes the initial impulse is just a small wave of the true complete impulse).

But am thrilled that Fibs once again have proven to be amazingly precise in predictive nature!

Fibs dont Lie! and thus the Golden Ratio being my Religion.


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