LTD/USD - To the Moon - Well Not Really!

COINBASE:LTCUSD   Litecoin / U.S. Dollar
I know I know... clickbaity title, which i apologizes, but LTC has put in a run this morning so it seemed appropriate :). Looks like a setup is playing out nicely and there is profit to be had.

So this is a follow up to my post on two setups for LTC back in Feb 9. I had been watching this pair, but had not been able to update as much as i would have liked over the past few days.
Trade closed: target reached: Quick update.... Target 3 Achieve on LTC.

I think LTCUSD will climb up to about 670 in under a week.
Crypto_Sid christiankat
@christiankat, Interesting... what makes you think it will climb that far that quick?
christiankat Crypto_Sid
@Crypto_Sid, nothing but geometry...
christiankat christiankat
@christiankat, 670 is not chiseled in stone but I think it should be around that area.
aformby Crypto_Sid
@Crypto_Sid, To be fair to CK if you look at the log scale chart it looks like Litecoin will take a run for the moon. Sorry no chart but I did see that on someone elses chart about a week ago. I think their predictions came in around May time for around 705.
Just wondering what you think will happen next. Will we bounce off the 0.618 or continue down. Given Litecoin is splitting soon I heard that pumps and dumps maybe on the cards given the take up of litecoin cash is given at 10 to 1?
Crypto_Sid aformby
@aformby, My guess is some of the run up might be related to buying in order to capture the 10:1 at the fork. When you say .618... you referring to the .618 of the run up or weekly .618 i have on my chart around target 2. I could be wrong, but i think price will hold at the .328 of the current run up, which aligns with my Target 2, but also with the weekly .618 and D.786 i had on my chart previously. I guess time will tell.

Great analysis Sid!! Love it! TY
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