LTCCNY 4H Count (cont. update)As prices have achieved new highs we have the grounds to declare a possible intermediate top.
Divergences continue on RSI and EWO - note the clear divs between 3 of (3) and 5 of (3), and again between (3) of 3 circle and (5) of 3 circle.
Change in direction of volume adds evidence to intermediate top as we see volume increase through (3) and steadily decline as price made new highs during (5).
Price action has been quite volatile lately; it is still possible prices continue sticky up to push higher in which case this count would need to be re-evaluated.
For now, we continue to watch for price breakdown for a intermediate correction.
LTCCNY
Possible pass for LTC in next few weeksIf SW of LTC is active, we might have a push up towards RMB 100, but at this price we will have a GREAT resistance, and we need to be very careful about the retracement coming next, if it's going too deep and fail to pass RMB 100 again, this mega wave will be OVER.
Good luck!
STR to the MOONThis is just my TA on STR. I will be posting updates.
If you want to read about fundamentals and a better TA analysis than mine, please check out @Intuit chart. He has a better explanation than anything I could have come up with. Although his TA might be better than mine, he doesn't have a clog shaped resistance-support.
Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
LTCCNY 4H Count - UpdateContinued divergence on RSI and additional divergence forming on EWO signaling the end of wave.
Look for downward break of wedge for confirmation.
Box highlights possible price targets. May go lower based on extreme price action of late.
Is the Silver rising again?From the bottom BTCE:LTCBTC going to test strong levels. Will see what comes next!
LTCCNY 4H CountBased on the size and strength of recent price movement it seems that we have completed a wave three of some degree. Additionally, a bear divergence has formed on the RSI signaling the end of a move; the width of the EWO tells us it was most likely a three. Here it has been labeled using (3).
Price requirements for (4) have been met, but there is a good chance to revisit that area once more before continuing upward to complete (5). Invalidation at price territory of (1), ~35.75CNY.
A break and close above ~55.47CNY puts price past one of the final major horizontal resistances before ATH.
LTC SURPRISE MOTHERF-Took me by surprise and can't believe I had already charted it. Didn't trade it cause of following up on Bitcoin, Ethereum and Monero.
Where do you see this going? I see it going a bit further, at least to 0.0093. I'm going to follow this through so stay tuned.
LTC Possible Large MoveLTC has been a weird one chart wise up through this time.
Bollinger Band analysis seems to provide the clearest insight into a potential pop.
Note:
Head fake - Bearish candles hit bottom BB and found support to bounce from (Pink Box)
BBW is at a lower extreme (Blue Box) - the tightening of the bands should open up and give way to upward movement
Look for weekly close above upper BB
Don't forget this sh*tI don't know when it will rise up, but technically it could have a great possibility, maybe it's a little bit difficult for LTC runs independently from BTC, but we will see.
The final frontier will be interrupted soonHi! I would like to share my thoughts about LTCBTC ratio. As we can saw in 2016 LTCBTC ration broked two major historical support level at 0,0078-0,0085btc and 0,0053-0,006btc. And it did this with low trading volume without any resistance by bulls. At the end of the 2016 this crash was slowed by promise of fast segwit activation. But soon became clear that these promises does not attract new investors in Litecoin. So crash continue and very possible that last frontier 0,0022-0,0025 will be interrupted soon because there are no support with big amount of money at these levels. No btc, no CNY, no USD support. Also LTC has no fundamental reasons for stop this crash. No real development, no promotion. Only copy paste bitcoin code, promises, twitter trolling and wails on reddit.
Litecoin - Lightning Coin possible reversal :)Hi All!
This is a trade I feel very confident about.
Entry: 0.00425
1st Target: 0.00460
2nd Target: wait for next idea -> long-term uptrend very probable.
Stop-loss: 0.004
Litecoin has a huge future ahead. Primarily because LTC will get SegWit, Bitcoin never will.
LTC will benefit from this, some of bitcoin core developers will move to LTC development and LTC price will soar because of this.
Bitcoin might implement Parallel Validation to handle the quadratic sighash verification issue instead of SegWit (it is a more elegant solution, and minimal structure change).
SegWit is great coding, but it is not Bitcoin. Litecoin will get its benefits instead.
FA:
LTC has a very good chance of getting Segwit and Lightning Network. Signalling starts in a week.
We all love Charlie Lee. Ok, forgive me for voicing other people opinion: Crypto loves Charlie Lee! :)
China manipulators algo bots are weakening ! We can expect easier and stronger trend following.
TA:
In the chart. + Cloud is red, but for some time already and price crossing TK in bullish way with confirmations on RSI and KDJ. Looks like reversal here is very probable.
Jump onboard, Goblin!
Happy trading! ;)
P.S. PM me for Goblin Trading.
LTCCNY breakout confirmedBreakout confirmed nicely, lets see what's coming but I think an easy 50% gain is possible
short bitcoin M top forming, correction in progress before another move up
this fractal has been seen a lot in bitcoin
Pay attention to LTC/BTC ratioWe are seeing a bit of bullish momentum in LTC today. Right now the weekly StochRSI is at the floor, the weekly BBs are tight, and price is coiled nicely at the tip of a triangle. Combine this with a Supermoon, and we could have a big move in store (If you believe in that kind stuff).
Since I am inherently bullish by nature, I am long. In any case, regardless of what happens...I would pay attention to LTC right now. Good luck!
Hope and DreamsLTCBTC ratio has taken quite a beating over the last few weeks. However, with a little bit of patience we may be in for a bullish surprise.
ETH, BTC and LTC: watch these dates and price targetsThese instruments seem to be synchronized, and soon to end a retracement rally. In the case of ETH, which has been underperforming everything due to fundamentals (problems in the code of a sub-proyect), there's potential for a big correction, but only if we cross the key levels on chart in time. If the targets aren't met on time, a contrary move might start, so it'd be of paramount importance to monitor progress in them.
Litecoin is above the low volume resistance, which is encouraging, but there's a strong level to the left, and the time at mode target is almost hit; so I reccomend caution. Once BTC hits this top target, I'd look to book profits from my recent long reentries and I'd reccomend you do the same (with at least part of your BTC).
Cheers,
Ivan Labrie.
BTCUSD and LTCBTC diverge initially during BTCUSD bull runs.We're looking at the early stages of a bitcoin bull run. People have noticed that in the last two big bitcoin rallies (April 2013 and Nov 2013) the ltcbtc pair rallied alongside btc, meaning that litecoin yielded a higher return than bitcoin during those rallies. This chart shows that the ltcbtc pair didn't rally until a few weeks after the bitcoin rally began, which may explain the expected ltcbtc rally has not yet materialized even as ltcusd and ltccny remain bullish. Original idea for this chart from twitter.com
Weekly LTC OutlookIf this is indeed the midst of a larger impulse...
We are within 3 of 3 to some degree where 2 had been a double combination correction.
This was mimicked nicely on lower TF's into current move. (See linked chart)
Target as pictured - could easily over extend.
*Note:
-12/26 EMA unable to penetrate downard.
Mo' flags, mo' funAnother rare double combination. More likely than not, this won't play out quite right.
But we are in a corrective pattern of some nature, and I'm bored, so here's my brainstorm.
*Note:
Wave (E) of triangle Y is allowed to overthrow and hold its validity.
