Litecoin is at the golden pocket, Break out play
My 2nd watch list will be on litecoin. This is very interesting whenever you see the price is trending at APEX because it means we will see a huge volatility to occur very soon. I see it at the Litecoin right now.
Litecoin is now trending at the golden pocket zone based on the fibonacci retracement calculation and beside this fact, I see a possible 5th wave structure downward is going to finish soon which I will label current wave with the A wave.
Based on MACD and RSI, I see a bullish divergence on RSI, golden crossover on MACD and the histogram is ticking up at the positive side.
I will open long entry ONLY if the price can break the yellow trend line with a good volume and will targeting around $100 region for possible B wave. if the price break below the golden pocket, I will looking for short opportunity and targeting the $50 as my swing target (78.6% fibonacci retracement)
Litecoin is now trending at the golden pocket zone based on the fibonacci retracement calculation and beside this fact, I see a possible 5th wave structure downward is going to finish soon which I will label current wave with the A wave.
Based on MACD and RSI, I see a bullish divergence on RSI, golden crossover on MACD and the histogram is ticking up at the positive side.
I will open long entry ONLY if the price can break the yellow trend line with a good volume and will targeting around $100 region for possible B wave. if the price break below the golden pocket, I will looking for short opportunity and targeting the $50 as my swing target (78.6% fibonacci retracement)
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