Long

LTC Kumo Twist Pivots

By BTCilyKandinsky

Updated

Pivots in time and structure. Follow the trend.

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If we correct here, my target is in the blue and then we should start heading to attack ATH.

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Blue support holding so far. Tenken and kijun-sen starting to curl up and should push up the price to attack ATHs

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In a curious spot here. LTC may make a big move or dip a little to low $200 to high $190. If that holds then LTC/BTC probably will have bottomed and we will see a violent thrust upwards. If we break down, further on LTC/BTC then I'll be looking to laddering in depending on the divergences.

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Lagging span consolidating nicely above the cloud. I'm bullish.

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Looks ready to fly

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Nice double kumo twist (consolidation) and break out on the 4 hr with a retest of diag trend line.

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Chickuuunnnn

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ATH we ready

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Possible scenario: Sweep the highs, crash, rocket to 1k+

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ATH is here. Not sure if we sweep the high and crash anymore. Still a possibility, but RSI looks strong and breaking out.

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If this is a local top then I expect to see something like this. Still doubt we get that, but keeping it in mind.

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LTCBTC would look something like this is we correct here.

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We corrected into the blue box. If this doesn't hold, next level of support is in the 240-250 region and range for some time before another attempt to test ATH again.

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Possibly capitulation candle still in play.

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Beautiful capitulation candle right into kumo support. I know price action looks bad, but I'm still bullish. This is the kind of test and rejection of kumo that I wanted to see. Hold 138 and we will be off to make new ATH's as we break out of some sideways consolidation.

BTCilyKandinsky

BTCily Wassilyevich Kandinsky (16 December [O.S. 4 December] 1866 – 13 December 1944) was a Russian painter and (ch)art theorist.
Kandinsky is generally credited as the pioneer of abstract (ch)art.

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