Chikun was leading the Bull Trend and then got tired. Big brother (Bitcoin) finally caught up an passed LTC. Now that a correction looks be here, lets take a look.
This plot is based on a Fib with "Golden Extensions". This is a rare example of "Perfect Growth" as in nature. More common is a "Linear Growth" with simple multiples.
It is about to test a Golden fib at $100.14 (and psych). It seems unlikely to hold, but reaction is worth noting. Break below could lead to the next Gold Fib at $70.36.
Of course the King (btc) will determine overall direction. Of course we are due for a serious correction eventually. Of course anything can happen but UpTrend is my thought.
Previous LTC Analysis:
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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.
Currently in Play:
Recent Achievements: (great entry, massive profits) (in Progress, perfect turns) (caught the EXACT bottom) (instant Profits, no drawdown) (massive Profits, breakout entry) (massive Profits, short wait) (massive Profits, instant Win) (PERFECT targets, massive profits) (Top warning JUST in time) (Top warning EXACTLY in time)
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.