What I'm seeing in Litecoin: next resistance and targets

2018년 3월 21일

In the bigger picture (one layer up), Litecoin, like Bitcoin, either:
A: put in an orthodox low for Supercycle Wave IV, on March 17-18, or
B: Reached the low in February, and just completed the 1-2 of 5, of the Supercycle 5th and final Wave up, that will take us to new highs this year before a larger-trend correction.

So the current short term trend, similar to Bitcoin, is likely to be bullish, with progress interceded with the necessary setbacks (taking a breather).

The setbacks are more likely to occur during resistance zones that can be seen from multiple analysis angles. The next most likely big fight is at around $190-195. If this is true, we shall see consolidation (sideways trading) for a bit until the victor is decided between the bulls and the bears.

If $195 is successfully won by the bulls, it's likely to go to around $270, where the parallel channel converges with the red median line.

We shall see.

-AL168
March 21, 2018