My last post a month ago on LTCUSD
outlined the targets hit above 150 that represent harmonic
extremes. The price doubled from there but has consolidated to setup a continuation within the framework of harmonic pattern
structures. Much like BTCUSD
has triggered a harmonic pattern
that targets a MINIMUM RETEST OF THE PRIOR HIGHS. Meanwhile, the RSI
readings have turned up and present a retest to the 70 level at a minimum. The larger target at 505 represents a short-term target on a breakout to new highs. ETHUSD
is leading the way and I will outline these crypto-harmonic pattern levels in my next post.