ltc-joe

ltc-joe Updated 

all the clues are in the chart

ltc-joe Updated 

This looks like a falling wedge. 200 day MA has been a good one to watch over the years, price bounced nicely off of it. We have a bullish divergence on the MACD. I think these are the two most likely scenarios going forward. The fib lines are drawn from the high down to this recent dump from the hack, it will be tough to make it past the 50 fib and 618 fib, but...

ltc-joe Updated 

I need not get into the fundamentals and everything going on with ETH, if you are unaware you are not following lol. Look at the volume: "Volume: As the Head and Shoulders pattern unfolds, volume plays an important role in confirmation. Volume can be measured as an indicator (OBV, Chaikin Money Flow) or simply by analyzing volume levels. Ideally, but not...

ltc-joe

Also note the volume, increasing with the trend on the way down--culminating with a big spike on the candle down to .00612. Now it seems to be dying down. Zooming out to the 1 week, strong trend now a few weeks of sideways. The black trendline was drawn on 1 week chart connecting previous low from last summer to this low. Potential reversal here, we'll see.

ltc-joe Updated 

This is what I think is coming, we'll see. Any MEANINGFUL amount of time spent below support at .00585 would invalidate this, and it would not be a good sign for the future of Litecoin, but LTC/CNY is still moving along with BTC/CNY-4.18% for the most part, and I believe it will catch up the ground it has lost on bitcoin . Some people assumed LTC0.26% was dead...

ltc-joe Updated 

It's starting to look like this might have been just a healthy correction on our way up to new highs. We just tagged the 50% fib retracement line, which if it holds would be another higher low. While earlier I saw potential for a fall to $500 or so before continuing our bull market, it seems that every big dump has, at least thus far, been bought up pretty...

ltc-joe Updated 

To me, if we were going to continue on going parabolic, the price would have completed the inverse H+S-6.28% we saw forming going into the weekend and finished this week off strong with a huge wick. When we dumped to $615 or so it seems that option was eliminated. So, it seems we gets some more down, then the huge short squeeze comes right around the halving. My...

ltc-joe Updated 

We shall see, to me it mostly depends on how fast LTC/CNY can break 55.5 CNY...there is huge upside above that level. If that doesnt happen by this weekend/early next week then it might have to wait for ltc/btc to test .00585 before clearing this level (55cny). Stay tuned, even if the ratio falls lower in the near term that does not rule out the double bottom, see...

ltc-joe

100 MA on the 4h shut us down again twice...then we broke the neckline...now it looks like we are making it resistance...RIP

ltc-joe Updated 

Ultimately, if the green line breaks, .015 and possibly lower becomes a reality.

ltc-joe Updated 

Meanwhile...see what's happening in LTC. I don't know if ETH has topped out or not, but let's assume for a second it's going to .05 and making new all time highs. LTC has the potential to go from .00885 to .03 or higher. Now ask yourself, which has a better risk/reward ratio at this moment in time, this might be a great time to sell your eth for ltc. Most people...

ltc-joe Updated 

How much steam is left in the engine? Pick your hammer...

ltc-joe

My best guess, heading down to test .03...ultimately if the dotted blue trendline fails it's bad news bears...if it can break above the bolded black line then .036 becomes likely, possibly new highs. Zooming out, the 1d chart is looking ugly. So my bias is doom till proven otherwise. Watch btc and ltc, they give nice clues for eth and vice versa, definitely a...

ltc-joe Updated 

Major low, then two higher lows in the interim. Another major low (but higher), then two higher lows in the interim. Will we get another major low (but higher yet again)? Then two more interim lows...then moon? Not to say this is a reliable pattern just yet, but just something i noticed.

ltc-joe Updated 

The results are in amigo...what's left to ponder? www.youtube.com The flash crash to $160 was the end of a long drawn out bear market. Then we traded in a nice range of $200-$300 which makes sense after such a massive drop, the smart money accumulated. The first bullish move was to break the the log downtrend line that shut us down time and time again in 2014,...

ltc-joe Updated 

Range between the 50% and 61% fib lines of the overall run (two bold black lines): -50% chance of this scenario 61% fib line breaks (bottom bold black line, around .019) and eventually we head down to .01: -35% chance of this scenario 50% fib line breaks (top bold black line, around .0225) and eventually we make it up to .03: -15% chance of this...

ltc-joe

Could we get something similar to the green boxes in the next bitcoin bubble? In the past here has been a strong move down in ratio that precedes the big rise...which possibly represents the lag of people first riding the BTC/USD wave, then liquidity from profits taken there flows into LTC/USD which is much more prone to huge swings in volatility and easier to...

ltc-joe Updated 

Great trade coming soon, pressure has built up as much as possible, one side must win here. We are in the midst of the 30,50, and 100 day moving averages...also the blue line is horizontal support/resistance, the two red dotted trend lines are the new pennant that has formed. A great trade should be coming either way. My bias is bullish.