Litecoin (LTC) has formed a new Bullish Ascending Price Channel on 15 minute and 5 minute candles. Support is moving up and LTC is revisiting some key resistance areas from this afternoon and yesterday. Remember the market likes to go where it already has been. Crypto's are very strong right now both ETH and BTC at ATH. Look to segwit completion, coinbase...
It is quick review of recent LTC price movement. It seems to me that LTC created very nice not perfect but still upside-down head and shoulders formation on 4H chart. What is important here this formation is combined with significant round number which is 10$. I marked with orange tick big bullish candle which is good signal for further gains. When big bullish...
I see here slight potential for short position. Level 78.60% wasn't breached for the last 8 hours. My experience tells me that the last two shadows are not the lowest lows and the pair will try to go down below 10 dollar mark. I wouldn't be surprised if the market would try to test 10$ few more times. I personally believe that as such.... :)) the smaller intervals...
Might be nice to short the correction to B. Target around .0085. Stop loss at .00110.
Longer term is uptrend overall with uncertainty with BTC for now.
Trade with caution.
Regards,
Vern
Dear Traders/Followers,
Hereby a chart to share with you. LTC/USD ratio. As I have been accumulating Litecoin silently in the past months the time seems finally ripe for extensive movement. As to be seen in the chart, it is both the end aswell as the beginning of the old and new crash cycle. Chasing these cycles seems to pay off big time, while the...
All info on chart, /btc chart looks barf, under weekly horz resistance ~580 or so, and multi year lows... ouch.(but may hold 550, yet to be seen).
Looking at usd, looks alot better, still seems not sure buy signal till the cross of horz price resistance around 5.25$.
Rsi on the weekly and macd starting to look good, just needs to get past the horz resist line...
We have penetrated the cloud with rumor of a GDAX add or LTC tomorrow. I'd say it would be a nice time for LTC to stop being a rock, considering, the heavy decrease against BTC since the release of the Roadmap. Blah Blah Blah i'm going to long LTC.
Here is a perspective to consider using Bollinger Bands as an indicator.
Areas of importance:
- Notice the massive weekly hidden bull divergence between price and BB width (green line)
- Hidden divergence is a signaling of trend continuation; in this case, up.
- Last time the BB Width broke over 0 line we made a strong bullish move (orange box)
- BB...
ETH is just before breaking downtrend line.
Inv unregular HS is easy to see***. Neckline as a actual downtrend line.
.0043-.0045 price is acting good as a support.
We can also see that triangle is about to end soon.
Buy support is rising at poloniex and whole price actions looks like it's not going to crash soon.
Bullish short/mid target is attack to actual ATH....
After Completing the Preliminary Retracement Identification Analysis on LTCBTC it appears that it may have just completed a Double Zigzag or Double Three correction. The Count I'm looking at has the peak in December 2013 as Wave v of 3. Down from there begins either a zigzag or a complex three correction, which is followed by an x wave and then another three....
Its obvious how this have all been planned all along, together with possible insider trading. (coinbase)
Having the first US 'regulated' exchange will not instantly bring us to the moon. Its all hype and speculation to lead people into believing that fresh money will pump it.
So much for Coinbase having a teaser site ( coinbase.com )
Learn from the lesson and...
* * * LTCBTC / BTCe * * *
Friends,
Please, refer to this chart as a reference to the composite $LTCBTC coming up shortly - Please, only post comments on the upcoming composite chart, although thumbs up are appreciated anywhere.
Very much appreciating your readership and support,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA...
Ongoing triple bottom formation. RSI looks to be breaking out of the downtrend in short term, if successful we should see price hovering around $7~$7.6 over the next few days.
However you should also be cautioned against the current sentiments on Litecoin. Given the competitive market of alt coins with strong contenders like Dark, Black, NXT & more. The bulls may...
After much volume and powerful movement over the last few weeks, I think we have reached a peak after failing to break through the $680 zone. A great rally none the less.
It's time for the Bulls to recharge with a short term dip into to the $500 zone which will be seen by many as the last time BTC will be so cheap. I expect a lot of buying at these prices and a...
