VincePrince

Litecoin, Finishes Descending-Pennant-Formation, Determinations!

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Hello Traders Investors And Community,

Welcome to this analysis about Litecoin, we are looking at the 4-hour timeframe perspectives. Litecoin so far has managed to hold its structure and build somewhat above the 160 level, besides that I discovered a very interesting formation Litecoin is developing here which is this main descending-pennant-formation with the coherent wave-count within and the waves A to C already completed. Now recently Litecoin already made the breakout above the upper-boundary which is confirming the whole formation and activates upside-targets lying within the 198 level marked in blue, when Litecoin reaches these zone the situation needs to be elevated anew and if Litecoin manages to continue or firstly pulls back which will not be unlikely in this case.

In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best to you!
"Enlightenment is the basis of all advancement"

Information provided is only educational and should not be used to take action in the markets.
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Comments

Post your comments, questions, and ideas about LITECOIN here.
+1 Reply
thanks for taking the time Vince prince, appreciate it👍🤘
Reply
Good idea, agree! 🦐
Reply
You are right. Market following your magic Lines !
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