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More_Prophet
Dec 12, 2017 10:51 PM

LTC/USD Uptrend continuation Long

Litecoin / U.S. dollarBitstamp

Description

Hidden Bullish divergence and a bullish falling wedge= uptrend continuation

Comment

now its a bull flag...
Comments
SuperMario4
I think that divergence just broke down right?
More_Prophet
@SuperMario4, wait for it... :)
there's a good support level at $280
SuperMario4
@More_Prophet, so we are going to $360? ;)
More_Prophet
@SuperMario4, Fib level 1 is $345 & level 1.618 is $373 so $360 sounds about right
More_Prophet
@More_Prophet, for some reason the round number of 20 makes a psychological level with this coin. It slowed down and hung out at $220 for a while and it looks like its going to do it at $320 also..
SuperMario4
@SuperMario4, seems like you where very correct sir :) should i set a profit limit at 360?
More_Prophet
@SuperMario4, @SuperMario4, I can't definitively say what to do for your account, but It's probably going to bop around in the $280-320 zone for a little while, once it breaks the $321 level, look for it to go to at least $345 (that's the fib level 1)
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