SUMMARY
LITECOIN (LTC) is confirmed and completed for this bullish ascending right triangle. It broke out of the upper horizontal line with volume and gusto! Using the target calculation (parallel line meeting the apex point); Target is $79.76 or so.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
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Well, I sold impulsively half of my litecoin to raise cash in case of an eminent bear market, while a stop-loss would have had the same purpose...
I think I can distinguish 5 waves from 50 to 60$
Could we expect it to find support at around 54,7 / 53 if it's the case ?
Edit:
Perhaps this could set aside a correction on the short term
Please see my recent Litecoin Update. This was posted and tweeted.
https://steemit.com/litecoin/@haejin/litecoin-ltc-shows-a-bullish-ascending-right-triangle-target-usd79-76
That chalice of wealth still looking good for steem?
It was also strongly rejected on the hourly and is currently below the horizontal resistance of the ascending triangle. Would that place some doubt into the target of $79?
https://steemit.com/litecoin/@haejin/litecoin-ltc-update-sitting-on-support-w-strong-volume
LTC sitting on staunch support, what used to be resistance. It breached it was impressive surge in volume. I hold my target, but if profitable, protect the profits.
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Thanks for sharing! I hope the price rise soon!
Boom 79 $ is a lot. Let's see how it turns out. I'm happy I didn't trade all my LTC for BTC or so altcoins.
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