Litecoin breakout?

By @b37112/16/2017ltc

Looks like litecoin is confirming a breakout move. Assuming we are beginning wave five of the first impulse wave there is quite a bit of expected upside. This analysis is based on an assumption that this wave will test the old all time high before retracement to .382 and a Fibonacci extension of 1.618 from that level. That would give a potential (conservative) target of around $450 IMG_1062.PNG

Remember that this is not financial advice, just thoughts.

comments