There is also a in the and LTC/BTC is in a giant looking to breakout as well - meaning breaking free from BTC prices for a little while and not being rag-dolled down. July 17th seems to be an important date based off LTC/BTC - then end of the . The start of the moonshot, or the expiration date for litecoin? - very interested in finding out.
If you're wondering about the roman numerals, search "three drives pattern" - please thumbs up if you want this updated regularly with targets and what not.
This is not financial advice or trading advice. Just interpreting the charts as they change. Do your own research -- you have the internet at your fingertips don't put your whole fate in someone else's hands.
We just bounced off a support from the wicks in February, lets see if it holds before entering a trade!
Still have held the support from the February double bottom wicks. If i zoom out, the wave trend looks identical to a reversal. Nice looking doji and morning start setup, hopefully the volume pours in. We have under 3 hours before the 1D UTC candle closes outside of the falling wedge and nullifies the pattern on a 1D aggregate chart.
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Looking even better on the 2H chart. Morning Star with Long entry confirmation on wave trend (not always right)
Look at this! LTC/BTC 6 hr looking like a strong reversal which coincides with what we'd need to see out of the morning star before days end! Thumbs up - LTC may be alive after all!
Here we go! Also found a head and shoulders on the 30 minute to confirm all this! We have confluence! Thumbs up as we should see the thrusters kick on!
We did it - although it did take a few hours longer than hoped. This is shaping up nicely as a 3 drives pattern! Only thing left to do is breakout of the top!
LTC/BTC looking very bullish and about to take a run at the resistance. Breakout will set LTC free from BTC for a while!
Shaping up much like Aprils bottom. Accumulation should almost be over as we head toward the top in the coming days. Breakthrough would bring us back to ATH's