This Massive Fractal Determines Litecoins Outcome And Destiny!

Hello Traders Investors And Community, welcome to this fractal-analysis about LITECOIN on the 12-hour timeframe perspective. It is well known that chart-patterns are repetitive and especially in the cryptocurrency space finding them and rightly configuration can be a profitable thing. As mentioned already in past analysis the cryptocurrency market is on the verge and in a determining situation where it has to decide if the strength is given to form new highs or at least a bigger pull-back expected, so also the differences between the certain coins where some already forming new highs and seem more bullish than bearish there are others trading in meaningful bearish formations that can lie ground for a protracted downside to come. In litecoin I detected and important fractal which can determine the further outcomes of this coin and point to the proper targets with exponential movements when confirmed rightly.

Examining my chart you can watch there that LITECOIN has formed this monstrous gigantic fractal already in the past within the consolidation between the 39 and 50 level, this fractal is marked in red in my chart and it has several stages coming up to the final validation of the whole formation, the fractal is a triangular-cluster where the higher trendlines, as well as the lower trendline, consolidating and building a triangle, in this case, breaking to the upside and forming a massive growth as it is seen in my chart. Currently, LITECOIN is building exactly similarly the same fractal which is supported by the falling trendlines marked in blue in my chart and building the same giant triangle as this was seen in LITECOIN past already, what is a good sign here also is that LITECOIN trades above the 30-EMA in black and the 200-EMA in green which is forming coherent support together with the lower boundary of the fractal.

As the fractal is consisting of two touches with the upper boundary marked with the letters A and B the next touch with this boundary currently developing which means that the price will go on to form the third touch with the lower boundary as it is marked in my chart, this movement can either go slowly or fastly depending on volatility but as there is still higher demand in the market the tendency is to a slower trend to form the final third touch of the lower boundary which is actually a good factor to confirm the reversal which will set in as it is marked in my chart with the final confirmation and a decisive bounce from the lower boundary, the whole fractal will be confirmed with a volatile move above the upper boundary and in the best case with a pull-back and confirmation of this to finally confirm the fractal and move higher in the range.

In this manner, thank you for watching, support for more market insight, all the best!
"The past as the future is indefinite and exists only as a spectrum of possibilities."

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