LTC/USD WEEKLY CHART:
Hello my fellow traders, please support me with your likes, comments shoot me a follow and share this important chart with your friends. I would appreciate your ideas and views on this update. We’re here to make mistakes and learn from them together and eventually make massive profits. Join me in this Journey 2020.
Alright coming back to the chart as you can see LTC has been following a “CURVED CHANNEL” since it started it’s parabolic rally in the last bull run. You can see on the chart it is repeating the same fractals as of now.
What’s interesting is we have touched the long term support trendline already at $35.88 per LTC.
It seems to be growing gradually and slowly until we see a spike. If we follow the same route a massive 130% target within the next 2 to 3 months is Highly likely.
I will expect more growth post halving.The green arrow marks the points in the chart that shows how we push to the upside whenever we touch the lower support trendline.
INDICATORS:
RSI still below 50 which means we’re still in a bear trend.
MACD Crossover is expected soon, the picture will be more clear in Daily or 4hr TF Charts that I’ll also update soon.
Although I will keep updating this idea but this chart will Invalidates in case we break the previous low $35.
Till then, expect something good is coming in the market the only thing the expansion in time is stretching everyday as the market is mostly moving sideways.
Keep sharing
Keep Learning
Maximise your profits
#Peace
Hello my fellow traders, please support me with your likes, comments shoot me a follow and share this important chart with your friends. I would appreciate your ideas and views on this update. We’re here to make mistakes and learn from them together and eventually make massive profits. Join me in this Journey 2020.
Alright coming back to the chart as you can see LTC has been following a “CURVED CHANNEL” since it started it’s parabolic rally in the last bull run. You can see on the chart it is repeating the same fractals as of now.
What’s interesting is we have touched the long term support trendline already at $35.88 per LTC.
It seems to be growing gradually and slowly until we see a spike. If we follow the same route a massive 130% target within the next 2 to 3 months is Highly likely.
I will expect more growth post halving.The green arrow marks the points in the chart that shows how we push to the upside whenever we touch the lower support trendline.
INDICATORS:
RSI still below 50 which means we’re still in a bear trend.
MACD Crossover is expected soon, the picture will be more clear in Daily or 4hr TF Charts that I’ll also update soon.
Although I will keep updating this idea but this chart will Invalidates in case we break the previous low $35.
Till then, expect something good is coming in the market the only thing the expansion in time is stretching everyday as the market is mostly moving sideways.
Keep sharing
Keep Learning
Maximise your profits
#Peace
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