botje11

Litecoin LTC target around 29 and up again?

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Looks like a real triangle for LTC' here with a target around 29. I will be watching this one for the coming days to see if it will reach that target. If that happens i might be thinking of going long on LTC' around that level. But not without some confirmation from Bitcoin' as well. The target of the bigger triangle on the left seems to have the same target range. Targets are not always turning point but they can be.



Previous analysis:
Comment: If the 34 breaks, there is a chance it might move up more, above the 35 would invalidate the triangle
Comment: oh crap, lol :) sorry, 29 and 34 is 129 and 134
Comment: No i mixed up things again, ignore the message above :)
Comment: Similar story as my ETH update. Here that a break of 32 will probably trigger a quick dump to that 29ish target. But still at a support level, so could still work out.

Comments

29 can ?
Reply
botje11 SpiNifiX
@SpiNifiX, Yes why not?
+1 Reply
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