Chart 1 - See how (log) price moves between the parallel channel lines, forecasting zones of support and resistance, as well as rally's and sell-offs targets becomes a breeze.

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Chart 2 - You can measure a price swing move by seeing how it moves between channel lines, the last LTC rally went from 50 to 400 or 3x blue channels. The price low after the July 2021 correction was near $120, so add 3x blue channels widths (same as before) and your new target is near $1000.

(Click on image to enlarge)