This is what it looks like to me. It looks like we may be finding some support around here. If I am right and this fractal is repeating I think we see Litecoin actually go straight up to $250 before it comes back down to retest the now support previous resistance at around 135, quite quickly then reverse sharply to the upside. Im long here, lets hope Im right cause this would wash out alot of longs and shorts right before the real big move. None of this is financial advice just my opinion.
Note
Also note that the fractal on the left is on a 6 hour time frame from the fall of 2020 run. The right one is on the daily. As more people enter the crypto space the cycles are extended and therefore the fractals are similar just on a larger timeframe that take longer to play out. INote
RSI Looking Great after a nice double bottom on the hourly
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.