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LTCEUR

LTC bearish againAfter this unexpected bounce (there was a support, in fact, and that made it bounce), I think LTC is going down again. I’ve drawn a possible ADX pattern (green and red lines at the bottom of the image), according to the previous moves and this is the shape I believe it will have. So it goes down. Also, you can see the price is unable to get through the 21-day MA, what could indicate an imminent drop. I’m not responsible of your actions. This is only an advice. Trade at your own risk. Have a great day and good trading. ;)
COINBASE:LTCUSD
by Andbcoin
CAREFUL with bulltrapsLess volume and UP??? I thought I didn’t set the lines properly but now I know what is happening after taking a look at the volume... It’s a clear BULL TRAP. Basically, it means it will go down soon. Some people invest a lot of money so that it goes up, and then, people that invest behind to get some profits pump it more. The first ones take their money back with some earnings, and the rest, hold their bags. So trade at your own risk, but in my opinion, it’s far from touching the bottom.
COINBASE:LTCUSD
by Andbcoin
9
Don’t get fooledThis is just an idea, not 100% accurate, but I can see Stochastics too high and it has to go down again. That said, I think it will fall down deeper. When Stochastics go very high and the price doesn’t go that high, it falls down deeper than when it started the pump. Again, it’s not 100% sure, since this is a market and everything can happen. Even they can pump the price to fool people that think it goes up again. I’m not responsible for your actions. Trade at your own risk. Good trading :).
COINBASE:LTCUSD
by Andbcoin
2
LTC really bearish???It’s just an idea, so don’t trade according to what I think will happen. I’m not responsible of your actions, but if you earn money, I want the 50% of your earnings. ;) Alright, I can see an ABC downtrend pattern that will dump LTC very deeply. As you can see, there’s been a triangle (in blue) that has been broken after the ABC bounces. There’s a red channel following the same pattern, but since it’s a channel and not a triangle, it may bounce one more time to complete the ABCD pattern before going down. Another possibility could be it’s completing the ABCDE pattern, in which case, it would go up again after going to maybe $40 - $50? Time will tell us. Trade carefully. ;)
COINBASE:LTCUSD
by Andbcoin
LTC huge correction still to comeIt’s just an idea, but there we go. I think LTC went too high and has to land again. That said, and after having a look at the power of the coin, I can see LTC going really deep. I think we can even see LTC below $20, since this correction is far from being like other ones. If you draw channels from the beginning, you’ll see it went too high and now it’s like an aeroplane when it loses power to go further. Anyways, I’ve drawn possible bounces that, tbh, will be broken again and again even if there’s any reasonable bounce.
COINBASE:LTCUSD
by Andbcoin
LTC back to $40 - $60?The image explains itself. Although it’s in euros, the behaviour is the same. I have to say I haven’t got any LTC and not planning to buy anything, so I’m not biased at all. It’s just an idea of what it could happen to LTC. Take your own risk when investing. I’m not responsible of your actions. As you can see in the previous pump that I have circled in red, everything that goes up, has to go down, and I’ve seen a lot of posts saying it will going up. To be honest, it’s a possibility, but use your common sense and don’t think it’s always going up, since it has to go down one day and “land” again. Once it “lands”, it has to run through the “runway” to go up again. That said, I think it will go down, touch the bottom after some small or acceptable pumps, and wait for people’s fear to stabilise. It’s a correction, but not the end. Again, trade at your own risk. I will not be responsible of your actions.
by Andbcoin
12