I chose 0.01 - 2, 3, 5, 8 because they are Fibonacci array.
All of these analysis are based on my assumption and I am not responsible if you lost your house :D Happy trading
All of these analysis are based on my assumption and I am not responsible if you lost your house :D Happy trading
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Now we have a double, no, tripple top pattern and the chart drop to the lower blue uptrend line. Some may argue that from here LTC will bouce back. IMO, it's very unlikely. If you look at daily chart of LTC and turn on Ichimoku indicator, there is a thick Cloud just above LTC right now and prevent it from going up. So, it's possible that LTC will drop further and become stable at 0.012 or 0.010. So far, very little chance LTC will fulfill its wildest dream.
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Here is the Ichimoku Cloud at the date 1st August
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Has touched a strong support line at 0.01; let's see if it could change the direction from here. My prediction is that the chart will go up from here and try to break the Cloud at the weakest point; target: 0.016
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Target reached. From here I have no further prediction since I've invested in other coin and the crypto market is now very unstable. Happy trading everyone
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