Litecoin has been performing well since its 11.4% pump that hit on 7 September followed by another 17.3% pump a week later on 14 September.
But things could be getting ready to change as LTC is forming a descending triangle with its bottom sitting at 73.00 which represents the 61.8% fib retracement from the 68.33-80.22 pump we saw from 14-18 September.
This pattern will play out within 28 hours with a target of 70.88, the 78.6% retracement which has provided both support and resistance as the price has approached this range.
In the event of a breakout to the upside which is less likely, will give us targets north of 80.22 which we haven't seen since mid-August.
But things could be getting ready to change as LTC is forming a descending triangle with its bottom sitting at 73.00 which represents the 61.8% fib retracement from the 68.33-80.22 pump we saw from 14-18 September.
This pattern will play out within 28 hours with a target of 70.88, the 78.6% retracement which has provided both support and resistance as the price has approached this range.
In the event of a breakout to the upside which is less likely, will give us targets north of 80.22 which we haven't seen since mid-August.
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.