Litecoin, Since Downside-Targets Reached, New Formation Forming!
Hello Traders Investors And Community,
Welcome to this update-analysis about Litecoin, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure and what we can expect next times. As expected Litecoin confirmed the massive bear-flag-formation to form the ascending-wedge-formation below the boundary and also confirm it pointing to the targets which reached in the schedule and where Litecoin initially bounced to the upside, if you did not see the analysis already I highly recommend it to watch as this is coherently following up and as I discovered Litecoin is forming a worthwhile formation that is likely to lie ground for the upcoming determinations, therefore I detected all the important levels and destinies.
Structural Developments:
As when looking at my chart now we can watch there how Litecoin bounced within the target-zone and also the lower-support marked in my chart in blue, now as this has happened within the schedule Litecoin moved initially to the upside and is now about to form this decisive triangle-formation marked in my chart in orange with the black boundaries, furthermore, Litecoin established this coherent wave-count already completing the waves A to C within the schedule and is now setting up to form the next wave D moving into the lower supports from where the origins of the final wave E are likely to emerge, when Litecoin then manages to bounce strongly within this zone it will move on to the wave E upcoming.
Upcoming Determinations:
Taking all these factors into consideration Litecoin has formed a formation that can lie ground for an upside breakout and minimum testing ot the remaining resistances which will finally happen with Litecoin moving above the upper-boundary as it is marked in my chart such price-action will activate the testing of the higher levels of resistance marked in my chart at the 164 level, when Litecoin reaches out there it has to be elevated how it continues and if there can come a potential bullish continuation or Litecoin firstly pulls back to visit lower levels. For now, it will be crucial to complete the triangle and breakout above the upper boundary as suggested to develop under the given circumstances.
In this manner, my friends, thank you for watching the analysis, have a good day and good trading, its a great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this update-analysis about Litecoin, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure and what we can expect next times. As expected Litecoin confirmed the massive bear-flag-formation to form the ascending-wedge-formation below the boundary and also confirm it pointing to the targets which reached in the schedule and where Litecoin initially bounced to the upside, if you did not see the analysis already I highly recommend it to watch as this is coherently following up and as I discovered Litecoin is forming a worthwhile formation that is likely to lie ground for the upcoming determinations, therefore I detected all the important levels and destinies.
Structural Developments:
As when looking at my chart now we can watch there how Litecoin bounced within the target-zone and also the lower-support marked in my chart in blue, now as this has happened within the schedule Litecoin moved initially to the upside and is now about to form this decisive triangle-formation marked in my chart in orange with the black boundaries, furthermore, Litecoin established this coherent wave-count already completing the waves A to C within the schedule and is now setting up to form the next wave D moving into the lower supports from where the origins of the final wave E are likely to emerge, when Litecoin then manages to bounce strongly within this zone it will move on to the wave E upcoming.
Upcoming Determinations:
Taking all these factors into consideration Litecoin has formed a formation that can lie ground for an upside breakout and minimum testing ot the remaining resistances which will finally happen with Litecoin moving above the upper-boundary as it is marked in my chart such price-action will activate the testing of the higher levels of resistance marked in my chart at the 164 level, when Litecoin reaches out there it has to be elevated how it continues and if there can come a potential bullish continuation or Litecoin firstly pulls back to visit lower levels. For now, it will be crucial to complete the triangle and breakout above the upper boundary as suggested to develop under the given circumstances.
In this manner, my friends, thank you for watching the analysis, have a good day and good trading, its a great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Comment:
Origin Analysis - Flag-Formation Development:
Comment:
Follow-Up-Analysis - Confirmed Flag-Formation And Further Wave-Development:
Comment:
Former Analysis - Wedge-Finalization And Pointing Of The Targets:
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