Here we go again...
This chart relates litecoin halvings LTC/USD and BTC/USD.
Suggesting breakout in the coming quarter. There are some other reasons as well.
Some trend lines. How the weekly looks: Less steep variant can be found here:
Some trend lines. How the weekly looks: Steeper variant can be found here:
Lines to watch out for. This is an updated version of the idea from last year, for reference checkout links to related ideas below. Litecoin has hit the bottom of the orange channel on the quarterly chart, and therefore a higher low has been created, very bullish. A new yearly green candle has also begun. Very bullish for both BTC and LTC. There is a chance...
This is the daily version of the trend lines with the green channel, and the purple mid line mentioned in the last stream.
Blue log curve is our new long term parabolic up trend; Blue dashed line represents the linear form of the parabolic trend; Orange dotted lines show the current linear channel. If the blue log curve holds we can expect new break out later in the year around November, if it does not hold then the linear lines (blue, orange) should hold.
Lot's of negativity going around crypto b/c of the price. I guess people just assume when something goes down in value it is no longer legit or is a scam. While there are plenty of scams in the crypto markets Litecoin is certainly not one of them. When you buy Litecoin you are investing in a decentralized network that does not try to replace Bitcoin but instead...
Break of the current 8/1 Fan will result in LTC to go for a new all time high. A break of the 8/1 fan should occur in June or July followed by the start of an ascent to a new all time high 1-3 weeks later. There is a chance where it may take up to August to break the 8/1 Fan but, for that to be possible we'll need more data points. The wave of price discovery...
Litecoin will likely hit 2-10k by end of the year depending on how well BTC performs. 2k being on the more conservative side, and 10k being on the more bullish side. The bear trend will likely end once quarter 2 begins (April). If you haven't realized by now... Litecoin doesn't have that many major rallies left until it breaks 10k based on the rate of growth. From...
Litecoin is currently in the process of building support. The break of the first fan confirmed support at 250. Break of the second fan will confirm support at 275, and will likely allow LTC to break resistance at 375-380 to continue moving up to new ATHs. Expect a surge in volume around 375-380 (current resistance). As long as 275 holds during our period in the...
Staying above teal line means we are bullish; going below teal line makes us bearish; hovering around teal line means consolidation. As it can be seen the market has returned to the trend it was at before. This means we have stronger support which means we can try for a higher all time high. LTC going up in price is not a matter of if, it is a matter of time. We...
Staying above teal lines means bulls are in charge, staying below means bears are in charge; hovering around means consolidation. Upside in 2018 is going to be huge.
Once we break the red Gann Fan we'll go for another major move up. RSI oversold on 1hr chart, and is heading to oversold territory on the larger time intervals. The white dashed lines represent horizontal supports which will likely hold. So those are good entry spots if it gets there since there likely be moves up from those ranges. Lot's of FUD around Bitcoin...
BTC has topped on the week chart. STOCH RSI and RSI heading down. We should have a correction that touches SMMA 12 range (yellow line) on the week chart; if it is a really bad correction the lowest price would hit is at SMMA 24 range (white line). MACD has nice wave pattern that may repeat. Correction may take 4-7 weeks at most. Alts should go up in a within 1-2...
Breaking the 8/1 Gann Fan (red line) will allow us to go for another major move. Could happen within the next 13-24 days or sooner (will likely trade sideways until we break it). The time frame works with the status of the week chart. Which is signaling for upward price movement on the scale of weeks. Flipping PSAR bullish on the 4hr chart will also be another...