carltonzone

carltonzone

The next few days will be telling. If LTC respects the ascending baseline until we reach the triangle point, it's time for the breakout. But if it violates the ascending baseline, it's going to continue in the down channel until we hit rock bottom close to $100. The breakout will definitely get here eventually. I'd prefer option 1 to option 2, just for my peace of mind!

carltonzone

From the looks of it, we're about to see the nosedive that keeps LTC within the downtrend channel. What I thought was a breakout actually was confirmation of a continued downtrend, with yet another lower high at the peak of today's run. I see no indication that the trend has completed. The cycle is repeating, and I think we would need to see a sideways trend...

carltonzone

Keep it moving, folks. Let's move along. No crowding. There's nothing to see here. Go home and get back to doing something of real importance. Analysis complete!

carltonzone

Call me crazy, but is it any coincidence that the wedge we see forming within the last few days of action has a convergence point on January 26th? Is this the date of a major pump? There's just no way this could be incidental...

carltonzone

I have been trying to stay away from over-analyzing LTC for the past 3 weeks. I drew on these trend lines in early January when I realized that I was dead-wrong about the breakout, when it went the wrong way. It is fascinating to see that the candlesticks have obeyed these upper and lower trend lines, with this narrowing happening in the last few days. Three...

carltonzone

Okay so forget everything I've said to date. Flush that garbage down the toilet and replace it with THIS, the new-and-improved LTC-to-the-crapper chart! We can now see that LTC is performing fabulously within a much wider and symmetrical down channel. This down channel gives us much more space for LTC to tank, and stay within our lines. Plus it has a more liberal...

carltonzone

As you can see in my picture, the bottom support line of my nice triangle has been violated. It looks like a knife was stuck straight through, making a big hole. That's not a good thing. If this is an indication of a lower support level hiding beneath this triangle pattern, we're in for a long ride before the impending run-up. This Bear market is no joke. Red...

carltonzone

Thus far, this particular chart is playing out well. This is significant. Last week, I said that LTC could be due for a major breakout IF and ONLY if it did not violate the lower support of the formation. The last time I predicted a breakout, it happened... albeit the wrong way! I'm hoping this time the breakout takes LTC to the next level of support, which I...

carltonzone

This is the first indication I've seen in the last 2 weeks that an uptrend is close, as far as the chart is concerned. IF the very recent low holds true (at my arrow point), a steady uptrend channel should start, and a possible breakout at the tip of this rising triangle. The only reason I am comfortable calling this so early is due to the fact that there has been...

carltonzone

My last chart on LTE was wrong, but right. My first guess was that we were days away from the big run. But the chart I drew was not correct. The channel does not start from the previous high. It starts after the 2nd high, after that last ATH. When you look at the new channel indicated here, it takes us back to my original prediction that the breakout would occur...

carltonzone

I purchased POE as a practice run. My goal was to experiment around to see if I could daytrade a cryptocurrency. I bought POE on December 20th, 2017 at $0.03 per coin. However, I lost the nerve to daytrade the coin. Every day, I watched the smaller ascending triangle formations chart out beautifully, but I just didn't have the nerve to buy and sell at the...

carltonzone

I threw this up a few days ago, and I'm quite surprised by the fact that all of the trading has fallen in between this descending triangle channel. I'm going to start accumulating LTC now, before the next runup occurs. I think we are 3 to 5 days away from a reverse in trend. LTC, BTC, and ETH are all in a bearish cycle, and I think they will all start a bullish...