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nagihatoum

LTC currently retesting 7 month old channel

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Litecoin (BITFINEX:LTCUSD)  
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BITFINEX:LTCUSD   Litecoin
Trend Analysis Harmonic Patterns Chart Patterns LTC LTCUSD
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trendanalysis harmonicpatterns chartpattern ltc ltcusd
LTC has broken out of its 7 months old downward channel . Currently it is retesting the former resistance channel. If it is bounces it is bullish and it is going up to higher highs. A break back into the channel is extremely bearish and can send the price to $22, last years low. An abc pattern will form in case price goes back into the channel. It is likely to end at $24, shy of the previous years low.
Komen:
target reached

Idea Berkaitan

nagihatoum
LTC is due for a correction
nagihatoum
LTC how high can it go?
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