LITECOIN (LTC/ USD) HOW DEEP IS THE DIP? (1H CANDLES)
Updated
HEY TRADERS, SINCE I PERSONALLY OWN QUITE A BIT OF LITECOIN MYSELF, I FIGURED THERE MUST BE PEOPLE AS CONCERNED AS ME (OR MORE SO) ABOUT THE RECENT DIPS. HERE I SHARE MY THOUGHTS ON JUST HOW DEEP THESE DIPS MAY GO...ENJOY.
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
HOW TO READ THE YELLOW-ORANGE RAINBOW:
+ IF THE COMPLETELY YELLOW RIBBON IS ABOVE THE COMPLETELY RED RIBBON, THIS SIGNALS AN UPTREND
+ IF THE COMPLETELY RED RIBBON IS ABOVE THE COMPLETELY YELLOW RIBBON, THIS SIGNALS A DOWNTREND
+ MORE SPACING BETWEEN ALL 8 RIBBONS = EITHER A BIG UP SURGE OR DOWN SURGE
+ COMPRESSED RIBBONS = PRESSURE BUILDUP, WHICH WILL RESULT IN POSITIVE SURGE OR NEGATIVE SURGE.
LITECOIN ANALYSIS:
+ TRADE RANGE = $201 - $373
+ BULLISH VIEW: PRICE WILL TEST WHITE SUPPORT AT $273 - $267 RANGE. A BREAK THRU MAY RESULT IN $316 TEST. POSSIBLE PROFITS HERE
+ BEARISH VIEW: RAINBOW LOOKS LIKE IT IS READY TO FAN OUT IN A DOWNTREND. IF SO, IT MAY BE A SMOOTH RIDE DOWN TO TEST $200 LEVEL, DUE TO MOMENTUM BUILDUP FROM LAST 4 DAYS. AT WHICH POINT...IF YOU STILL BELIEVE IN LTC...BUY BUY BUY!
PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS, I'M ALWAYS HAPPY TO HELP OUT. HOPE YOU GUYS KILL IT OUT THERE! HAPPY HUNTING MY FRIENDS.
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
HOW TO READ THE YELLOW-ORANGE RAINBOW:
+ IF THE COMPLETELY YELLOW RIBBON IS ABOVE THE COMPLETELY RED RIBBON, THIS SIGNALS AN UPTREND
+ IF THE COMPLETELY RED RIBBON IS ABOVE THE COMPLETELY YELLOW RIBBON, THIS SIGNALS A DOWNTREND
+ MORE SPACING BETWEEN ALL 8 RIBBONS = EITHER A BIG UP SURGE OR DOWN SURGE
+ COMPRESSED RIBBONS = PRESSURE BUILDUP, WHICH WILL RESULT IN POSITIVE SURGE OR NEGATIVE SURGE.
LITECOIN ANALYSIS:
+ TRADE RANGE = $201 - $373
+ BULLISH VIEW: PRICE WILL TEST WHITE SUPPORT AT $273 - $267 RANGE. A BREAK THRU MAY RESULT IN $316 TEST. POSSIBLE PROFITS HERE
+ BEARISH VIEW: RAINBOW LOOKS LIKE IT IS READY TO FAN OUT IN A DOWNTREND. IF SO, IT MAY BE A SMOOTH RIDE DOWN TO TEST $200 LEVEL, DUE TO MOMENTUM BUILDUP FROM LAST 4 DAYS. AT WHICH POINT...IF YOU STILL BELIEVE IN LTC...BUY BUY BUY!
PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS, I'M ALWAYS HAPPY TO HELP OUT. HOPE YOU GUYS KILL IT OUT THERE! HAPPY HUNTING MY FRIENDS.
Note
WE SAW A LOW OF $224 OVERNIGHT, BUT WE ARE STILL WAITING FOR THAT $200 SUPPORT TEST. IF THIS LINE IS BROKEN, WE WILL SEE NEW ALL TIME LOWS. I'M TALKING LOWWW, BUY OPPORTUNITY FOR LTC HOLDERS.Note
PRICE REBOUNDED TO $253. WE MAY TEST WHITE SUPPORT AT $263Note
PRETTY DEEP DIP IF YOU ASK ME.Note
SEVERAL DAYS LATE BUT AS EXPECTED, WE ARE ON OUR WAY TO TEST $200Note
IM GOING BALLS DEEP IN THESE CHARTS. DONT MISS OUT MY FRIENDS
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