EuroMotif

LTC.USD leading the charge again, now at first Strong Resistance

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Just a quick heads up that LTC has charged up into a significant resistance zone .
it bounced the strongest of the big coins so Chikun is leading the charge again.
What happens here will be quite telling for the current strength of the market.

My apologies for the messy chart and lack of directional estimates.
I will be back with a more clear outlook once these zones play out.
This is an update of my last plot that caught the bounce precisely:


Nov 09
Comment: LTC 5-wave impulse may be done, that ping on underside of red zone might trap it under , to confirm end of one wave.

Bulls need to break about $62 asap to escape being trapped.

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Nov 10
Comment: Breakout! And a new Fib that seems to be in play. Now looking at the 4.236 around $62.50 as next target.

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Nov 10
Comment: Beautiful cascade upwards. Each zone perfectly respected.
Lets see if we can break the local high.

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