Litecoin's historical pattern & Fib logA few weeks back I made a chart on Litecoin named "Litecoin and it's historical patterns" linked in this chart down bellow. This is literally the same exact chart but I've added the "LTC Log Curves based on Fibonacci math sequence. Look at how good it's fit on the original analysis!
On the bottom I have the "Litecoin Wizard" I'm not entirely sure what this is based on but I do believe it's on chain information. I have added to this indicator a support level (buy area) and a Litecoin hyper level that is above the yellow line and heavy profit taking area. As we can see it's not there very long, so when it is take advantage of it.
Back the log curves, assuming LTC stays within a this growth channel and doesn't break below the green area, we can reasonably say that eventually LTC will hit the top of this curve (red area) again one day in the future. That area if hit sits at a possible 2500 LTC in 2025 to 2026. You have to keep in mind that it might never hit the top of the channel ever again, there is no guarantee of it.
By combining both of these indicators one could find a very good sell area and take profits in the future and then re apply it to rebuy again after that.
This is not a prediction or a buy recommendation by no means. It's a simple observation using specifically designed indicators.
Thanks for looking & leave a comment on what you see down below
WeAreSat0shi
Stay Blessed!
Satoshilite
ridethepig | LTC Market Commentary 2020.02.12LTC will continue to reduce liquidity. Not sure how effective that is going to be at containing this environment though. A move towards 93 is a matter of when rather than if. Happy to sit in LTCUSD longs for now, the move is unstoppable at the moment. If BTC and cryptos can have a strong couple of days, spot could easily touch 90 this week. Stay long Litecoin.
I really think any move lower is unjustified and the strong liquidity injection will see LTCUSD a lot higher once we clear the coronavirus flows.
Don't forget to keep the likes, charts and comments coming!
ridethepig | LTC Market Commentary 2020.01.31LTC clearly outperforming and taking the spotlight with the cross briefly trading above $70. A serious early contender for "Trade of the Year" after we rallied +70% from the lows.
In any case, I am happy with the first targets at 64.xx, but ahead of the weekend, I would be surprised to see much further downside. On the day, support will be found at 62.5x with resistance at 70.0x.
The correctness of my evaluation is validated by the course of BTC in the moves. For those wanting to track the flows:
Good luck all those buying dips in LTC and BTC. As usual thanks for keeping your support coming with likes, comments, and etc!
LONG - LTC - Stop HuntGood r/r at this price and this could be the bottom for a run now that high caps are looking promising.
Entry: 0.006370
TP 1: 0.006898
TP 2: 0.007583
TP 3: 0.009996
SL: 0.005949
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LTCUSD has big-move-incoming written _all_ over itWhilst volume may look sparse the accumulation has mostly been across the LTCBTC pairs and that ought to tell you something...
The S/Rs and classicals and overall trends here are so well defined that a well-placed short upon a breakdown of supports ought to be as lucrative as a well-placed long if the previous top's neckline becomes support; stay neutral till a snitch appears and take others' opinion with a pinch of salt (especially if they have a crystal ball and an attitude problem)
The appearance of volume on LTCUSD will confirm that the wind is strong enough for whichever door is chosen to be closed behind but beware a harsh bounce when that volume fades as retail buyers / sellers are likely to be taken for a ride when they're too few in number to hold up the eventual high / low