GoldBands

LiteCoin Explodes! 12-12-2017

Long
COINBASE:LTCUSD   Litecoin
In the early morning hours (in California terms) Litecoin went truely parabolic and blew past all my prior Fibonacci projections. At this point, most technical indicators become worthless. I've removed them all from this chart and have a single Fibonacci retracement set at the 2 day breakout range. Let's use this to gauge where price ends up today and what actions we may take in the coming days.

For me, I'm HODL! :-)

If you like this post, please click the Like button, tell your friends, and re-Tweet!

Disclaimer: This post is for educational purposes only. Trading is at your own risk.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.