LTCUSD 8h: When re-enter? 70 > 100 > 140 USD possible.

The top has been reached. The energy is gone. That's okay. When is the right time to re-enter? According to the analysis, we have a correction of at least 70 USD. 55 USD are also possible in extreme cases. Next we will see a sideways movement. There are two new targets: ATH at 100 USD and Fibo 1.62 at 140 USD. I see this in the Fibo time frame at 1.5, mid-November. 100 USD can also arrive earlier. Then we would have a second wave of correction.

Let's see what happens. Happy trading. :-)


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코멘트:

currently i can't see if we have a trend reversal or just a bull flag. I'll keep you informed.

코멘트:

just for info. i re-entered at 72 with a first part.

코멘트:

the market has calmed down a little. maybe the price will fall a little bit further, but now we see a sideways movement along the trendlines. then it could go back up again. it also depends on the btc. if the btc falls further down, then all other cryptos will also fall with it a bit.

코멘트:

as I wrote. we see a sideways movement at around 75.

코멘트:

as I wrote above, we can see 55 in extreme cases. currently i expect a stop and strong support at 55.

코멘트:

we have reached fibo 0.5. strong support can be expected.

코멘트:

LTCUSD (8h) close-up of the current situation