EuroMotif

LTCUSD to bottom at about $65? Litecoin Fib Confluence nearby

COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTC continues to slide from its $146 peak (which I had predicted).
The "Halvening" was the previous driving force and is now relaxing.
There is a fib confluence at $64.82 - 64.88 that should bounce it.

The Green fib lines are of the Impulse up from bottom at $20.
The Purple fib lines are of the Impulse down from $146 peak.
Purple 9.618 should end the wave, with Green 2.236 support.


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See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page.

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Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

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Aug 28
Comment: Target hit and bounced a bit lets see if it holds and begins a climb now, as it "should".

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Sep 23
Comment: Since my last update, it went a hair below my line, but has bounced a little and stayed above the zone for about a Month now.
Sep 23
Comment: Zooming into the 1h timeframe, there was a clear "Pulse" to the bounce thus far But on the retrace, it seems to be marching to a different tune. So will take a closer look at the last wave down ...

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Sep 23
Comment: And of course, there is a fib that defines this drop From the looks of it, it will go down to the 4.236 around $70. So that is my current interest.

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