Litecoin going Parabolic again or is it ending
About the daily, not going to say much because it's crypto and anything can happen. Saying this because volume is not clearly high but also not too low. Think the only thing to follow now is this parabolic shape on the right. If it breaks, i think it will make a big drop, usually minimum 125/130, but could even more, no telling because there is no target with this pattern.
If LTC bulls have plans to buy these highs, it could make a big jump up. Think if the 145/50 breaks, a move to 160/70 range should be possible. But there is not room for a slow rally, the pattern is already coming to it's end now, so it should rally a bit stronger and faster AND with good volume as well.
The triangle in the middle might help as well with predicting the short term direction. Because if it breaks down, the parabolic shape will break as well.
Previous analysis:
If LTC bulls have plans to buy these highs, it could make a big jump up. Think if the 145/50 breaks, a move to 160/70 range should be possible. But there is not room for a slow rally, the pattern is already coming to it's end now, so it should rally a bit stronger and faster AND with good volume as well.
The triangle in the middle might help as well with predicting the short term direction. Because if it breaks down, the parabolic shape will break as well.
Previous analysis:
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