Ingemkts

BTCE:LTCUSD: upgrade (Sept.04)

BTCE:LTCUSD   Litecoin / Dollar
162 1 6
I made some adjustments as the bat pattern's targets, I improved the measurements.
As we know LTC unfortunately travels according BTC movement.

1st possibility: the $2.51 that it made the last night might be an attempt to make double bottom , if so it just confirmed the 1st wave's beginning up to $3.7 at first, and the higher target could reach $8.6 more or less as long as it continues the same pattern.

2nd possibility: $3 was the 4th wave, then it will make the 5th wave down to $1.8 more or less

Note the RSI behavior


Comment: This is a clear case when sideways cause you lose the focus. The most of times people forget the times and precipitate to enter a trade when it has not reach its target.
Please correct: 3.4 instead of $3.7
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