LTC has broke a big descending Channel and is now performing a bullish move.
I put some targets based on Fibonacci Levels but it isn't yet a time to buy.
We have to see if the price breaks the next resistance!
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It is now struggling to break a fibonacci level at 250 area, if it does so.. it might go towards the 271 area. Which by itself is already 8,4% of profit.
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PT-BR
Litecoin estaá furando um canal de queda gigantesco.. que vem desde o anuncio do Charlie Lee vendendo todas as moedas.
Atualmente a moeda está tentando furar um nivel de Fibonacci e se conseguir provavelmente vai tentar buscar a resistencia na regiao de 270 USD.
Existem rumores de novas exchanges negociarem LTC, isso pode ser sinal positivo pro valor da moeda. Jaá levantei alguns alvos baseados nos níveis de Fibonacci e resistencias anteriores.
Well, you usually take the all time high value and treat it as 1 and the all time low value as 0. Between those you can divide 1 by the golden ratio (which is the basis of Fibonacci).
You will have: 78.6%.. then again 61.8% .. then 50%.. and then you take the value you find in the point of 78.6% of the way is a Fibonacci Level.
Usually you find interesting resistances and supports using Fibonacci.. if you identify a Fibonacci Retracement between the lowest value ever and the highest value ever, you can use that to try and predict the next fibonacci levels so if the asset breaks the All Time High value you will have a better idea of where it might reach.