LTC (Litecoin) Update - Impulse wave? Or finishing off the corrective wave? - Overall BULLISH - Technical Analysis March 8th
I'm liking the look of the LTC chart right now. If you look at my chart, I have mapped out possible targets for the upcoming months. These are based on simple extensions from wave 3.
Target 1 - 1:1 extension - .035 - .040
Target 2 - 1.618:1 extension - .045 - .050
I'm going to wait to see if I can validate this as an impulse wave up. We have hit the .382 region which is most common in 4th waves, so we might end up moving sideways a bit before taking off. Either way I think a great entry would be .025 or slightly above ONLY if we close above my blue line.
I guess we just gotta wait and see :)
Peace.
-B
Thanks for sharing this information.
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