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krishnakanchibhatta
Feb 16, 2018 1:00 PM

LTC Moving up as expected 

BITFINEX:LTCUSD60
Litecoin / DollarBitfinex

描述

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Though the actual chart which i shared had an error in the ABC Correction wave..

But the markings were bang on:) LTC moved up from the exact spot of C

I would love to hear from the experts - whether i should have considered this as a Descending Triangle or the ABC Correction Wave

Please have a look at the below related link (for the original post) and let me know your thoughts

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This was my original post

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later updated the ABC Correction wave as below

Trend AnalysisChart PatternsTechnical IndicatorsLTCLTCUSDCryptocurrencytradeanalysisDescending Triangle
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krishnakanchibhatta
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Every coin has been mirroring BTC.. there is not enough trading volume for LTC. But it does have a very good support at $224. It has been holding pretty well. We just have to see how well it will hold if BTC falls further.
krishnakanchibhatta
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Ltc is trying hard to break th yesterday's high $236..

If it gets enough support from BTC and ltc volume... It should touch the first target easily!
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