ltc-joe

ltc-joe Updated 

No new money has been coming onto exchanges over the long weekend. Market is (IMO) over-reacting to the ICO news as far how it affects bitcoin. Technicals say good prospects for a bounce here.

ltc-joe Updated 

4h Chart: Would be nice to make former resistance support. Keep an eye out for weakness here, *if the price slows down at this level ($3650 at the time of writing) and then closes below $3600, there is good prospects for a nice down move before more up.

ltc-joe Updated 

Details in the chart. Daily chart: Weekly also looking good if we can hold on to close it out.

ltc-joe Updated 

There is no doubt this market is gearing up for something, the question is what. Watch for the triangle break.

ltc-joe Updated 

www.investopedia.com

ltc-joe Updated 

This higher low we just potentially made around the 50 MA must hold, and in my opinion it will. But if it does not we will probably fall out of the channel and make it down to the pink trendline (very very strong support there). Why I think it will hold: 4h chart: Good luck.

ltc-joe Updated 

On the weekly, price kissed the 200 MA as expected, bounced well. I think we are at a similar point to 2013 as shown (similar price action, and conditions on RSI, MACD, Stoch. Zooming in the price kissed the bottom of the channel the 1d, and is showing hidden bullish divergence (on LTC/USD as well). Same with the 4h. 4h chart showing signs of bottom: There...

ltc-joe Updated 

Just broke out of the most recent continuation pattern (can seem my last update to the linked chart). Weekly candle should be real strong after that nice wick.

ltc-joe Updated 

This is not what tops look like. Litecoin is clearly getting ready for its next leg up. Lots of information in the 1d chart above. And maybe even more important information in this 4h chart which shows the ABCDE triangle I have been tracking is either complete or very close to completion: Charlie Lee (the best leader in crypto IMO which is a delicate balance)...

ltc-joe Updated 

Let's see if support holds.

ltc-joe Updated 

I have a lot more analysis to add, will do so within the next 24 hours, but just wanted to get this out there.

ltc-joe Updated 

The key thing I see here is three 3 wave move's in a row, so this could be a hint that we are currently in an abcde triangle, which is common for wave 4s. Here is a closer look at the triangle: Watch for another 3 wave move up, followed by a final 3 wave move down to complete waves D and E for confirmation. Just something to keep an eye on.

ltc-joe

This market has been very indecisive. We have a megaphone pattern within a megaphone pattern, which has provided great range trading. But I think a new trend is about to emerge. There is a potential ascending triangle break out, so if the price makes new highs here, then this is likely the start of a new bull market and this will at a minimum hit the top of the...

ltc-joe Updated 

All information is in the chart. Also 1d chart for ltc/btc: The vast majority of litecoin weak hands sold at a loss at some point throughout that epic 2 year downtrend. Any remaining weak hands who were looking to get out on a bounce sold on this last correction. IMO everyone who wanted out is out of this market, plenty of room to rise now, how high who...

ltc-joe Updated 

BTFD?

ltc-joe Updated 

Look at the volume . The less steep channel is serving as the neckline, watch for a break.

ltc-joe Updated 

Weekly: The future has never been brighter for ltc, but the market is very overheated right now. To me, the chart is telling us it's time for a few weeks (months?) of cool down before a new bull market can begin.

ltc-joe Updated 

Wave 4: LTC/USD weakness: .014 high probability, also 200 MA and .236 fib are both at .013, so that's possible as well.