Ethereum gets a daily close above the horizontal line on the ascending triangle, target is $153.
Possibly an inverse head & shoulders leading to the next bull rally for Litecoin.
MANY OF THE MAJOR ALT CHARTS ARE SIMILAR; LOOKING FOR LITECOIN TO MOVE DOWN TO ~$40 BEFORE A BOUNCE UPWARDS
ANTICIPATING A DROP DOWN TO THE $120 AREA BEFORE A SOLID BOUNCE UPWARDS
POLYBTC looking like it's forming a nice diamond reversal pattern; however, would need a daily close above the right side of the diamond to confirm a reversal and a move up to the green line. If we get a daily close below the diamond pattern, could end up being a continuation pattern down to the red line. TG
My weekly update on Litecoin. LTCUSD hanging on by its fingernails. I'm hoping for another parabolic rise like everyone else but don't think it happens just yet. Still looking at the $40-$33 area. TG
Over the next few weeks, I would expect an increase in sell volume to lower LTC down to $40-$35; this would be similar to what happened last fall. Support can only hold for so long. If volume continues to stay low, we move sideways. TG
Litecoin target of $31-$35 published on 10/2/19 still stands.
If $44 area does not hold, which I do not believe it will, I expect a drop down to the $35-$31 area before we bounce back up. All in all, this could take a few weeks or days, depends on how fast people capitulate.
Ethereum is currently sitting at support and if this area does not hold, looks like a possible move down to the $144 area. Would wait for a move and close above $194 before getting back in, if we do not go down to $144.
Litecoin is currently at support. If current area of $55-$54 does not hold, there are a series of supports below, $45, $40, $35, and $31. I would expect another move down like all other major alts. $40-$35 area would be a nice spot. Waiting for a move and close of $66 before entering a long, if we do not happen to move down to my area of $40-$35. TG
Looks like a move down to the $0.20 area before bouncing up. Resistance is at the $0.25 mark. Would wait for a move and close above this area before entering a long if we do not go down to $0.20 TG
Looking for a move down to the $172-$165 area for a buying opportunity. Resistance is around $248 so would wait for a move about this area before buying back. TG
Waiting to see what happens. Looking to see if we get back above $9500 area before entering a long. I do think we'll move down to the $7,600 before going back up; however, if people start to panic sell, I'd wait for buying opportunities at the $6,200 - $5,700 area. If for some reason this does not hold, may God hep us as we'll start heading to the $4,200-$3,600...
pretty simple set up here, we break thru the two resistance areas, we're off to the races.
Would like to see Litecoin have a weekly close above $83 to turn the current resistance into support... if this doesn't happen, could see a move down to ~$72 before trying again
Just waiting for DOGE to board his rocket to the moon. Not much to describe/discuss with this chart. Dip to green = buy; Jump to red = sell