Noticed this pattern with the LTCBTC pair.
These patterns often have anomalies, outliers etc that can disrupt time intervals and construe certain price points, but for the most part they seem to stick true to where they should land.
So with that said, see a plethora of symmetry when I work on LTC graphs and there are a few of indicators here that suggest we could be seeing a near to this down after a time of consolidation (my proposed ABC wave).
As for now I will wait to see a break below this .17 level to assume further downside and the possibility of reaching the .786 fib level as shown
Thank you
These patterns often have anomalies, outliers etc that can disrupt time intervals and construe certain price points, but for the most part they seem to stick true to where they should land.
So with that said, see a plethora of symmetry when I work on LTC graphs and there are a few of indicators here that suggest we could be seeing a near to this down after a time of consolidation (my proposed ABC wave).
As for now I will wait to see a break below this .17 level to assume further downside and the possibility of reaching the .786 fib level as shown
Thank you