Get started
RizeSenpai

LTCUSD: Ascending Broadening Wedge with a Confirmed Partial Rise

Short
Litecoin (BITFINEX:LTCUSD)  
RizeSenpai  
BITFINEX:LTCUSD   Litecoin
Harmonic Patterns Chart Patterns Wave Analysis LTC Litecoin (Cryptocurrency) LTCUSD Ascending Broadening Wedge partialrise Bullish Bat HOP
0
0
harmonicpatterns chartpattern waveanalysis ltc litecoin ltcusd ascendingbroadeningwedge partialrise bullishbat hop
We have confirmed the partial rise of the Ascending Broadening Wedge and have failed to break above the major support/resistance level. I now expect the price of LTC to go even lower than 40 and perhaps to around $25-$19 as that would be the HOP level of the Bullish Bat it is currently BAMMing from, but it is possible we get a reaction at around $35 as that would be the 88.6% Retrace, but the most confluence is at the $25-$19 area.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.