If/when LTCCNY breaks up out of this triangle at about 34 cny, I hope you will be long! (I've been long for a while) I have a target of ~74 cny, stoploss. Corresponds very closely to 1-1 triangle breakout, also old S/R level, and finally 1.618 fib retracement from last July's peak. It's looking very promising with daily RSI crossing into overbought territory which usually happens at the beginning of the really big LTCCNY moves.
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Well I guess I jumped the gun a little bit with the breakout, but it's happening now! Finally! :)
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1:1 Triangle break target hit, sold. Looking for retrace to 40 CNY unless UASF Segwit is announced soon. Looks like Jihan and co. will keep doing everything they can to block Segwit signalling. Too bad... Still expecting 15-20$ LTC after Segwit.
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Didn't make it anywhere close to 40 CNY. Re-bought and holding. Still expecting at least 21$ in the coming weeks. Long term there could be potential for new ATH
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This is what I'm thinking for the coming months in LTC
www.tradingview.com/chart/w3QyhiLB/