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frischman
Apr 28, 2021 5:33 PM

LTC Bullish - $420 Within Channel Long

Litecoin / U. S. DollarKraken

Description

LTC bounced off the top of the channel twice and then the mid point of the channel twice. The mid point seems to be providing some resistance now to getting back to the top. Each bounce off the high point takes between 30-40 days. 30 days from the last peak (April 17) is May 17th, follow the channel at you have a $420-$430 price for LTC. If you strictly stay on the Midpoint of that channel, you are at $370, still above ATH.

Last 4 moves within the channel were $100, $115, $65 and $140.

My first 'idea', please be gentle.
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