LTCUSD has found a bottom at the "Dead Cat Bounce Level". (See previous post)My analysis estimates that we will see a break out in the next 3 days.
I have Fibonacci extension targets of 1, 1.382, and 1.618.
It looks like we will bounce off the Long-term downtrend line 1 more time before finally breaking the trend.
I will keep you updated.
Cheers -
-AB
Note
Note
We are currently butting up against resistance. We should be breaking the downtrend line soon. I will do further analysis soon.
Note
Less than 10 days till we breakout of downtrend...
Trade closed: target reached
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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.