The trendlines and indicators confirm a possible upward movement. For all they are long with LTC like me: the up trend might be firm, 43 > 55 > 85 USD possible (look at Fibo). A maximum correction could be 42 USD. So I see additionally a current buying opportunity for all orthers with a short-term target of 54 USD.
Let's see what happens. Happy trading.
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zoom in current situation
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on track with the black trendline ...
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current situation. waiting... strong up still possible.
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the quiet before the storm.
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little correction of the trend line.
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the wave starts ...
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on track. with a little delay.
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4h: We have a strong resistance at 47 USD. Let's see if it will fall. The current correction will not be too strong (max 44 USD). Then further up on track.
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Looks good. LTC will break the resistance. More up expected.
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be watchful. if new resistance (pink line) will break, strong up possible. it looks not bad.
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resistance broke.
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support okay. further up could come ...
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time shift. same target.
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ltc still on track.
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ltc breakout possible. target 55 usd and more.
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positive movement along the trend line ...
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break out possible ...
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prepared for takeoff ...
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ltc reloaded. support works. next up.
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Fasten your seat belt. lets see ...
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first step reached: 55 USD. next step will follow.
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here my trend lines for the current situation ... lets see. happy trading.
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next step up ahead. bull flag ends.
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up trend still works imo.
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next short term correction possible. double top?
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resistance broke. ltc on the way up.
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we are on the way up ...
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second wave ends. be careful. maybe short term correction.
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maybe possible trend line. just for info.
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short term correction. trend line okay.
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Double top possible. Be watchful. Maybe chance for re-entry in the last elliott wave.
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imo 70 will fall.
Operación cerrada: objetivo alcanzado
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closed at 71 with safety buffer. re-entry at 55 if the next wave comes.
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long term restistance touched.
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situation still unsure. double top? ltc broke the resistance, but a correction is still possible. so be careful.
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way up to fibo 1.62 is free ...
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the third wave is behind us. let's see how much the correction will be. Maybe ltc goes up to fibo 1.62. i am waiting for re-entry.
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I close this chart now. A new LTC chart is coming soon. Price and time target reached. I hope many of you have made good profits. And please, don't forget... Make good trades, money is secondary. Always be patient, satisfied and happy. Thanks for following.