Hi Everyone, it looks to me like LTC/USD is completing a falling wedge
pattern after a large uptrend ( bullish
combination). This seems like a very good buy zone especially considering that the price has fallen down to, and is hovering, at the 61.8% golden fibonacci retracement
ratio. I am a noob so don't trade solely on my advice!!!!!
Once a 4hr candle closes above the trend line
, probably $235-$240 if it breaks
increase. Suggestion is shown with a black line in the volume
$365 - Height of wedge
$160 - Apprx level of next lower fib retracement with cushion
Feedback from experienced traders is much appreciated!