BITFINEX:LTCUSD   Litecoin / U.S. Dollar
My last post a month ago on LTCUSD outlined the targets hit above 150 that represent harmonic extremes. The price doubled from there but has consolidated to setup a continuation within the framework of harmonic pattern structures. Much like BTCUSD , LTCUSD has triggered a harmonic pattern that targets a MINIMUM RETEST OF THE PRIOR HIGHS. Meanwhile, the RSI readings have turned up and present a retest to the 70 level at a minimum. The larger target at 505 represents a short-term target on a breakout to new highs. ETHUSD is leading the way and I will outline these crypto-harmonic pattern levels in my next post.
Scott Carney
http://www.HarmonicTrader.com
Founder

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