Beautiful classic Adam and Eve pattern. Nobody show this chart to Peter Schiff or he might finally give up the gold bug.
It is my belief that Litecoin is still highly undervalued at 140 usd and that the halving will launch LTC into a new phase of price discovery.
fib extensions and fractal have provided a target price on halving.
Byteball appears to be reaching a resistance point downward. Trade at your own risk.
Hidden Bullish opinion. Price descending against known desirable position close to 8K usd. Indicators on larger TF seem bullish and oversold. RSI may allow push for "classic bottom" near or just below 8k. Letting it fall below 8k and closing lots of shorts at once will have a strong effect to escalate BTC/USD.
The daily candle has formed comfortably within support. No reason not to add to longs around here. 10k was solid psychological support for BTC.
It appears that there is a bullish inverse head and shoulders on the 15m. Wait for break of the ichimoku and long if not already in position.
Its true, alts are mooning currently. Random whitepaper tokens with good marketing are making good runs(Ex: TRX/XRP/BCH etc.) HOWEVER, do NOT get blindsided when btc wakes up. There's been much FUD and many bear traps since the top, just under 20K. Current position is still well above daily support and even being rejected by the Ichimoku cloud. Despite the garbage...
Godmode says perfect long opportunity. ADD TO LONGS HERE
After consolidating at the top of the .716 i think it may make another run to the 1.0 fib line and if it does not break up, will further consolidate until more strength pushes it through may go much higher as the upper fib targets being move resistance/tp/bounce/btfd points. This is pure speculation and i could be completely delusional, the formation break-down or...
I have seen this pattern many times before a move up with LTCUSD. Longs should be wrapped up before the leg up.
LTCUSD is heavily correlated to BTCUSD. Exit all positions and look for new strong longs. Possibly buy some physical GLD or SLV. The best rule is to diversify your baskets.
Buy the dips. By this model even if LTCUSD does reach ~$38 that's totally fine. A great long even.
Upward pressure on exchanges, expect a good squeeze in both BTC/usd and LTC/USD in the next few hours. IF you wish to withdraw your private keys before, 1 Aug. please plan on long wait times on network! To avoid inconvenience and possible losses of free BCC/USD if not withdrawn to private address in time, PLAN ACCORDINGLY. :) CHEERS!
Just look at the chart. Wait for the hop and some green candles. Resume trade. Ta-da free money!