It´s really uncommon, that bitcoin and highcaps have all different strucutures, although they are moving almost all the time in the same direction.
I was ignoring this chart for a while, but I won´t ignore it anymore, because this is the best midterm prediction among all the charts in crypto space.
LTC/USDT is currently in textbokk triangle - every triangle consist of 5 waves, and every wave must be "made" in 3 subwaves (ABC). I am pretty sure, that we are currently in the middle of making "d" wave, then the "e" wave should finish and then we should finally see breakout.
Target of this triangle will probably be at around 56, HOWEVER after we hit target of triangle, trend will change and LTC/USD will be back in downtrend OR we will see some deep correction.
I was ignoring this chart for a while, but I won´t ignore it anymore, because this is the best midterm prediction among all the charts in crypto space.
LTC/USDT is currently in textbokk triangle - every triangle consist of 5 waves, and every wave must be "made" in 3 subwaves (ABC). I am pretty sure, that we are currently in the middle of making "d" wave, then the "e" wave should finish and then we should finally see breakout.
Target of this triangle will probably be at around 56, HOWEVER after we hit target of triangle, trend will change and LTC/USD will be back in downtrend OR we will see some deep correction.
Comment:
MUST SEE BEARISH SCENARIO FOR LTC that I have just discovered !.
Comment:
Hmmm, LTC is nicely going up, however I am not sure, if this triangle is valid, so we might not nit that 56 USDT. There wasn´t any real breakout volume, so I guess this wasn´t triangle at the end. So I don´t have really too much to said about this chart in this moment, too confusing structures...