Nom_de_Guerre

Ltc Weekly Wedge

Nom_de_Guerre Updated   
BITFINEX:LTCUSD   Litecoin
Ltc is currently in this channel on the weekly chart - Support and Resistance shown on the red wedge, fibs and fib rays
Comment:
This weeks candle opened beneath the 50% fib leaving Ltc looking for support - Without a cash injection to push Ltc above the fib a further drop is possible to the ascending support of the base of the wedge
Comment:
Comment:
Ltc is holding above the top of the range - Next likely targets are around $72 and $76
Comment:
Ltc blasting thru targets as quick as I can call them - Struggling with resistance on the arc here, if it gets thru then next resistance is on the underside of the 1x1 fib ray and the second arc of the pair
Comment:
This topped out on candles and RSI - needs to recover an uptrend - support on the bands - Good trade anyone who entered ;)
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