I've learned a lot trading LTC. It was too emotional trading BTC. Here we encounter the upper resistance of our current downtrend. If we break that green light things will go bonkers at least until 160 fib point. We reassess there and if it keeps going my next profit target is going to be $217.
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Things are popping and we blew past $160 with not much resistance. I am thinking people will be taking some profit around next major resistance at $175, which is the 1.168 fib extension from the previous run from 106 - 156... LTC has taught me much in a short time.
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I messed up, the 1.168 fib extension from the previous run from 106 - 156 is 217, that was my next target. The short term extension to 175 is from todays move from 141 to 156.
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Woohoo! What a ride! Hit 217 today, unfortunately I sold my position at 185 area thinking we were going to make a higher low below 175 area. LTC went bonkers. Load the bars and see.