EuroMotif

LTC.usd looks headed to $64 If so, bulls MUST HOLD. Here's why

COINBASE:LTCUSD   Litecoin
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Between mod duties and my own trading, it is not easy to publish.
This is part of my ongoing analysis of LiteCoin price movements.

As anticipated, the entire market took a pretty serious dip.
Chikun fared better than its big brother, but may dip more.
Plotted are some key Support and Resistance zones to watch.

$ 64.88 is a major Fib that has turned price many times.
$ 53.97 is the next Major fib below that and is far away.
$ 60.00 will offer a Minor support but not much more.

$ 72.17 is a Major fib above, break would invalidate bear.
$ 83.70 is another Major fib that halted this run abruptly.
$ 91.27 is next likely target if bulls bounce and run soon.

I will post updates as price action gives new clues.
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See my Previous LTC analysis (click):
$72 to $84 Target
$61 Resistance Map
Tale of Two Fibbies
Buy-the-Dip Map
$39.50 Bounce call
$42.70 Top mapped
$35.50 Impulse Redux
$58.60 Bounce call
Big Picture Fibs

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.

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