LTC 4Hr update
LTC is heading towards a triple top, increasing the probability it retreats if it hits the $35.00 level. $35.00 appears to be hard resistance on the 4-Hr. Please note this TA is correlated to the 4-Hr timeframe.
The chart is not reflecting Bullish or Bearish sentiment. LTC is range bound. Set your alert at $35.00 and wait for retracement if you intend to Dollar-Cost-Average into this product.
The Primary dotted trendline is broken on the 4-Hr which means it is now just a data reference point. It's time to move the Fib levels to reflect Dec 27th period and I apologize for not doing so, but I think the resistance points are more important to be watching right now.
Conclusion: I am a fan of LTC, I have made that statement before. I wish this token all the best, but I do not wish to go broke trading it. I recommend buying around the dotted trendline, and at the least, pay attention to that area IF LTC retreats off the triple top,
If we break and hold above $35.00 and that level becomes support, Dollar-Cost-Average in. Small investments please; we make money slowly and over time. I still believe that 2019 will be a volatile year for Cryptos. There are a lot of issues that need to be resolved i.e., infrastructure issues, transaction rates, commercial acceptance, etc -- you guys know what I am saying, so until we see a real catalyst to shoot anyone of these cryptos higher, holding a small amount of the top dogs has been my plan since covering BTC and other altcoins. I will state this again... 90 percent of all cryptos will be GONE in less than 10 years! How do I know? Market saturation and a bad taste in the mouth of investors will be the reason. The bubble hurt a lot of people. There were/are a lot of scams, internal in-fighting with some coin originators and the fact that there is a lot of money in this space make it ripe for fraud and abuse!
Biff is a full-time trader of nearly 30 years. I am constantly scanning the web looking for news and information to stay ahead of the crypto game as well as try and provide insightful technical analysis. It is not the job of the person doing the TA to tell you when to make a trade, but merely use our diverse experience and analysis techniques to aid in your investment decisions. So do your due diligence when investing your hard earned money in high-risk asset classes. I hope I can help you make the right trades in 2019.
To get the benefit of biff's ALL DAY AND ALL NIGHT crypto scanning and analysis, follow me on twitter. If you have a question, send me an email. If you disagree, please let me know why. Post a chart and show me what you got. I enjoy looking at other chartists, and especially reading some well thought out analysis! But most importantly, I am here to make money and do it with a community of friends!
Biff
The chart is not reflecting Bullish or Bearish sentiment. LTC is range bound. Set your alert at $35.00 and wait for retracement if you intend to Dollar-Cost-Average into this product.
The Primary dotted trendline is broken on the 4-Hr which means it is now just a data reference point. It's time to move the Fib levels to reflect Dec 27th period and I apologize for not doing so, but I think the resistance points are more important to be watching right now.
Conclusion: I am a fan of LTC, I have made that statement before. I wish this token all the best, but I do not wish to go broke trading it. I recommend buying around the dotted trendline, and at the least, pay attention to that area IF LTC retreats off the triple top,
If we break and hold above $35.00 and that level becomes support, Dollar-Cost-Average in. Small investments please; we make money slowly and over time. I still believe that 2019 will be a volatile year for Cryptos. There are a lot of issues that need to be resolved i.e., infrastructure issues, transaction rates, commercial acceptance, etc -- you guys know what I am saying, so until we see a real catalyst to shoot anyone of these cryptos higher, holding a small amount of the top dogs has been my plan since covering BTC and other altcoins. I will state this again... 90 percent of all cryptos will be GONE in less than 10 years! How do I know? Market saturation and a bad taste in the mouth of investors will be the reason. The bubble hurt a lot of people. There were/are a lot of scams, internal in-fighting with some coin originators and the fact that there is a lot of money in this space make it ripe for fraud and abuse!
Biff is a full-time trader of nearly 30 years. I am constantly scanning the web looking for news and information to stay ahead of the crypto game as well as try and provide insightful technical analysis. It is not the job of the person doing the TA to tell you when to make a trade, but merely use our diverse experience and analysis techniques to aid in your investment decisions. So do your due diligence when investing your hard earned money in high-risk asset classes. I hope I can help you make the right trades in 2019.
To get the benefit of biff's ALL DAY AND ALL NIGHT crypto scanning and analysis, follow me on twitter. If you have a question, send me an email. If you disagree, please let me know why. Post a chart and show me what you got. I enjoy looking at other chartists, and especially reading some well thought out analysis! But most importantly, I am here to make money and do it with a community of friends!
Biff
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.