LTC-USD
Litecoin explosion is over! Short and buy back cheap! Risk: low/medium
Litecoin has exploded recent days. We need to see a correction next days.
We have signal to correct further, if we close below 287. Be aware that 50MA (Purple line) is a resistance. We have already tested that line once.
Sell: Below 287 (Activated if an hour candle closes below this level)
Resistance: 276 (50MA)
Here's the plan:
Target 1: 245
Target 2: 230
Target 3: 210
Target 4: 192 (If coin drops further)
Note:
If we go up once again, we will sell around 330/320 levels, we can then add an extra target: 290.
After the short there will see chances to buy back litecoin at low levels, I'll keep you posted about that.
Let's play this game and maximize your profits!
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Questions? Just ask and your feedback is welcome.
Good luck!
BTCUSD Pre Futures Run Down. Looking at the charts for the run down in tomorrows futures opening I believe we're going to be seeing a price correction to the lower side as we still have people selling after the massive ramp up a few days ago.
Plus wall street want to make sure they can get the best price they possibly can so we're seeing right now market manipulation. After the first round of contracts are locked in, I believe the price will be sailing bullish to 20,000.
LTCUSD - how trend is madeLTC is ranked 6th in the ranking of all cryptocurrencies in terms of capitalization. In the last few days we see it growth, while in the last 24 hours its rate has fallen by almost 2%.
From a technical point of view, we are still in the growth channel. After an unsuccessful attempt to break from the bottom, the price turned around and given the opportunity to take a long position (support test from the top at 55.5 USD), reached the first target set by us - 71.7 USD.
We are now on the resistance from which we already had the first corrective reaction. If the price will go up now and will test this resistance from the top as support already, it will be a good place to buy. Alternatively, if the price falls again, then level 66.5 will be the second place to buy.
LTC MONSTER correction. Believe it or not, we might not even be close to the end of this correction. At the current moment as I write this analyzes LTC is at $52.92, which I believe to be almost the top of wave (iv) of a bigger wave (3) that should be taking us down to $20 LTC, which should be the bottom of Wave (3). Then we will have Wave (4) which should bring LTC back up to around $50's, but just to drop back down to $10 LTC and complete the final 5th Wave. Honestly, its scary to think this is possible, but I have a feeling this is where we might be aiming at.
Just some basic resistance and support trendlinesIn order to keep the uptrend from this point in time we must not break the red line (1), it therefore must act as a new solid support.
The uptrend that starts from 38$ looks very steep though.
We might get a chance for a cheaper buy at around 45, before we continue.
Nevertheless, now seems like a good window of opportunity to start buying in with some parts of your capital
LTC - USD LiteCoin, Triple red aprochinhing quickly ! It feels to me like a triple RED wave is aprochinhing quickly. See my earlier big LTC chart, there you see a double green line going to the heavens in the center. This should have been more or less where I drew it now. Always keep track of you big wave count from micro to macro !
And please, look at somebody's old ideas before you follow. Lots of sun seekers and copycats that agree on everything.
Thanks