LTC just broke critical resistance lets make some BTC!!!!!!!!!!
We all know LTC is great, here is why i just entered the market!
Litecoin is looking bullish to reach past $60 mark again when the market spiked ($62) after the crash to $36 with the closure of the Chinese exchanges. Bitcoin is stabilizing above $4000 USD with the upcoming friendly fork of Bitcoin Gold -0.30% so Litecoin is looking to hold above $50. Look to swing trade between $52 and $56. First wave of Chinese exchanges are...
This the worst case scenario - we will see 1500 in this bear market. We have just finished 12345 uptrend Elliot Wave. If we were to - 1. Complete ABCDE correction 2. touch the longterm trendline on log chart 3. hit fib retracement at 0.786
LTCUSD is heavily correlated to BTCUSD. Exit all positions and look for new strong longs. Possibly buy some physical GLD or SLV. The best rule is to diversify your baskets.
The correction aint over.
Buy the dips. By this model even if LTCUSD does reach ~$38 that's totally fine. A great long even.
RSI and price have broken their downtrends and appear to be flagging for the next move higher. Notice the ADX shows a listless trend that is ready to pick up. I think it's to the upside. Aside from TA, I'm a little worried about the BTC community and segwit2x. I have lots of faith in BTC but it seems safer to rotate into the out of favor LTC for some nice gains.
Just look at the chart. Wait for the hop and some green candles. Resume trade. Ta-da free money!
today was a positive day since midnight. However I think that we will still continue to see consolidation and those who bought the top to exit at these levels.
This chart scares me a lot. It is what has kept me sidelined on Cryptos, thus far, despite known short term plays due to volatility. I think it might be time to take on some cash. Let me know what you think below.
Looking for a turnaround, first target ~0.015 BTC
Will BTC follow its path to the moon? Predict consolidation between 1600-2400 for the following 4-6 months and moon like 2013 once we have "scaling resolution" and SegWit activated (and all justified FUD of a contentious hardfork behind us). LTC SegWit moon should follow because of sidechain usefulness for cross-chain atomic swaps, transaction speed and lower fees...
China is upgrading to LTC Segwit in about 5 hours from when I'm writing this. Go long. I'm in at 0.00895 BTC, even getting in over 0.01 is ok. GLHF twitter.com
Right now LTC is in a pretty interesting place. With Segregated Witness support at the strongest its ever been, 82%, it looks like it might be implemented on LTC within the next month. So, with this in mind, I think LTC looks good over the next few weeks. However, I think a correction still needs to happen, as I feel the price is still a bit inflated from the...