tcormier321

LTC to go to $300, retrace, then moon to $500

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
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The fib extensions for both this run we had before the weekend, and over the long term match up at the $300 price point. RSI is neutral, but slightly bullish converging along with MACD and awesome indicator. Our entry for this trade was at $229, so still a god entry point.

For caution, look to take some profit at $300 or close the position to try and buy a dip. But strength may just moon past it. For those looking for a cautious exit point, $300 would be good. For those willing to risk it, watch for it to possibly go to tee 1.618 extension of $500 for this wave.
Comment:

If this nice, bullish, parallel channel continues look for $300 by next week :)
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