At the beginning of this chart, we can see that the resistance levels for LTC became support once broken, and followed was a bull Elliot waverun from $74 > $103USD.
The trend angle for this Elliot run was of 41 degrees. It is worth noting that the latest uptrend for LTC has followed a very similar angle, this time at a 45 degree angle.
The original (green) trendline has followed these indicators since the $70 zone for the LTCUSD pair.
The second Elliot wave I have drawn, following the same pattern as the first conveniently finishes on the 61.8% Fibonacci retracement line. If the pair were to instead follow the Three Drives pattern then we could instead reach the ATH & expected $105 target.
The trend angle for this Elliot run was of 41 degrees. It is worth noting that the latest uptrend for LTC has followed a very similar angle, this time at a 45 degree angle.
The original (green) trendline has followed these indicators since the $70 zone for the LTCUSD pair.
The second Elliot wave I have drawn, following the same pattern as the first conveniently finishes on the 61.8% Fibonacci retracement line. If the pair were to instead follow the Three Drives pattern then we could instead reach the ATH & expected $105 target.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.