Attention HODLers. Please remain seated with your coins stowed away as we prepare for departure to $116. Thank you for flying LTC Chartways.
$34 Rise on the first leg gives us our target which lines up nicely to the 1.618 fib extension off of the 0.618 bounce. Also what appears to be an inverse head and shoulder can be seen forming inside the pennant which should cause the breakout. It is just a matter of time.
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Arrivederci
*This does not constitute as trading or investment advice. Trade at your own risk.
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Here's a better look at it with the H&S. My apologies for the indicators, I had them minimized on my screen.
Trade active
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AND WE HAVE LIFTOFF
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As you can see we have broken out of the top with volume which is a great sign. The bulls will need to keep pouring in volume to get this to our target of $116. Look for resistance at the $95-$100 range
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We have formed a cup and handle on the 1hr. Away from my Comp so unable to post but will follow up
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Chart Updated, seems as if we are in an ascending triangle.
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Honing in on the top of the ascending triangle. lets see if it breaks.
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Incoming MACD bullish cross. should be making a shot at the top of the triangle