GeorgeChart

GeorgeChart Updated 

LTC has been downtrending since Jan 6th high. Today around noon EST we broke out of the downtrend as it met the .262 Fib line. It held through Wall Street close and quitting time 5 EST. A lot of buying in 244-246 range. Hoping to see a launch this evening and, at the very least...reach or pass the .382 fib line at 253 range, or possibly .5 Fib at 262 range. ...

GeorgeChart Updated 

We've seen a 5 day downtrend after the run up from Jan 1 to the 5th. It appears LTC broke through the trend line this morning. Would like to see an 1-5 Elliott wave run up to at least the yellow .5 0\fib line (362 range). Remember, we saw a lot consolidation in the 280's a few days ago as well as in December, and the low 250's over the past couple of days. ...

GeorgeChart

We've seen some decent consolidation over the past two days after the latest spike in the 280-285 range which has been nice opportunity for day traders. FWIW, this range is near the 12/12/17 .5 Fib line. The question is...is it FOMO new money or big money building for the next spike. Triangle has formed from Friday top and support level , and seeing a little...

GeorgeChart Updated 

We broke out of the downtrend from the Jan 2nd climb on Thursday, Jan 4 for a nice day of trading. Post rise, an Initial ascending triangle formed, and a selloff dropped prices to the 240 range. It appears as though an ascending pennant has been formed, so short term trade opportunities exist with buy levels in the 242-244 range and sell levels around 250-253...

GeorgeChart Updated 

On 15 minute chart, just broke out of a short term triangle which was below previous support level (post New Year run). Chance we can run back up to yesterday's downtrend line of 245. A lot of uncertainty over the past few weeks. Would be huge if LTC could break through to the next level of support or to the Dec 1 Fib line. On flip side, this could be a pre-lunch...

GeorgeChart Updated 

On decent volume 700K+ saw a nice 1-5 Elliott Wave on Tues Jan 2nd that cleared the .618 fib line at 254. Ascending Triangle shows positive trend towards 275 range (.5 Fib Line from December 18th High on 15 minute chart). Keep an eye on charts at 9:45-10PM EST when activity increase usually occurs. If we stay in the triangle and Asia cooperates, we could wake up...

GeorgeChart

Broke 5K resistance at 225. Looks like possible Elliot Wave on 15 minute chart. Small chance we could get to 240 prior "mild" support level. Volume is low Obviously year end tax planning could make anything happen.