Description
⋅ LTCUSD has found a bottom at the "Dead Cat Bounce Level". (See previous post)
My analysis estimates that we will see a break out in the next 3 days.
I have Fibonacci extension targets of 1, 1.382, and 1.618.
It looks like we will bounce off the Long-term downtrend line 1 more time before finally breaking the trend.
I will keep you updated.
Cheers -
-AB Comment
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We are currently butting up against resistance. We should be breaking the downtrend line soon. I will do further analysis soon.Comment
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Less than 10 days till we breakout of downtrend...Trade closed: target reached
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