Technical analysis by Migel1988 about Symbol LTC: Buy recommendation (11/10/2024)

You can See litecoin could form a potential Double Bottom. To complete the DB Litecoin has to Break the Neckline. From the Moment on, LTC broke the Neckline, than the Double Bottom is confirmed and we are now up to see a Target, that is defined by the Distance of the Neckline to the Bottomline. This Distance has to be put on the Bottomline, to know where the Trading target is. And this target is also the 2.0 Fibonacci of course from the top to the bottom. Cryptos usually dont only to a 2 Fibonacci as an aim. There are most likely heading for a 2.618 Fibonacci level, so i pasted this also and added it to the target zone, for a nice Swing- to Position-Trade. Happy Trading.