Long

Updated

LTC - $240 December 1st

Short term possible rise.

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ATH looking strong.

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$100 now.

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My stop was triggered at $92, my holding sold off.

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Bought at $84

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Refreshing with some volatility.

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Zoomed in:

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Sold @ $93

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Breaking out of the Fib. ring marked in red, a trend will appear...

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Same lines as earlier zoomed in, nothing moved...

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Zoomed in more... What happens next? I don't know. I'll have an opinion when I got some new fresh money to invest. Right now Everything is locket up in OMG and RRT. I just follow up with some images, that's all.

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What I think happens now... Either it climbs to thousands which I think is unlikely... So I think first bounce at $50 up and then crash to $15-$20... LOL... But sure it could go to thousands of dollars also...

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Did some more charting. If the bull continues I think it can go to $780, if I had to guess that would happen in the middle of January.

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The setup below just makes sense. We go to around $800 as a top or we fall down to $50 level.

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Same chart zoomed in:

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My myserious pessimism about LTC could actually be that the founder, Charlie Lee, sold his entire LTC holding.

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Bouncing on rings.

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I think LTC is heading for $130 and plateauing out there for some time.

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Some trend lines...

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Those black lines in the last chart converge at $700.

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You see that black line interact? :)
I'm just going to put some updates here at random times...
LTC is too unsure for me so I FUD.

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Another random update...

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Hmm...

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Just because I see patterns doesn't necessarily mean I know where it's heading...

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36 hours until LTC breaks out of the outmost Fibonacci ring.
Expect volatility when it breaks out.

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8 hours left,

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Hmmm...

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If someone understands what the pattern means, then please comment and argue why you think it will go up/down...

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It looks like it will go to $120-130 level to me.

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Zoomed in:

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The chart int the comment above important is good to know about. Look above...
Hard resistance around $750, and can't go above $2000.

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Something messed up the text. You understand the point.

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To not destroy any beauty, it would be a good idea if it went down to $140 level at least before the rise.

UncannyDeduction

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UncannyDeduction