While ETH is Pumping, it looks like this(notice the overbought RSI): LTC's RSI is not in Overbought levels now. After ETH, one of the well known Alts pumping, I expect, that LTC will follow this too. Currently we still have an Triangle, that is not currently broken. When it is broken to the down side, then this Prediciton would be invalid.
Ether just broke out, to probably go below 800$ again, while Bitcoin broke out to the upwards and now probaby sucks the money out of the Alt coins.
A short Term Head and Shoulders has formed. Currently no strong movement is happening. It could make a stronger move, when the Triangle Area is entered again.
This should be the Wave 3. The 4th Wave correction is expected, as well as the 5th Wave. If it will Break the Daily Triangle is still very uncertain.
After the expected ABC seems to be finished, I expect an 5 Wave Impulse The impulse could look like this. After the Impulse I currently expect a new ABC correction
After the a bit more longterm B Wave Correction it seems we have entered the C Wave. Now I expect The Price to fall down to around 10'000 USD It Could change into an upward direction even earlier because of the strong support around 10k. If we break throgh 10k I expect an strong Market reaction leading to the Price falling with more Strength, so that we might fall...
This is probably just a correction to the Bollinger Band Middle. Afterwards it would continue to go down in this case. If it runs significantly over the Bollinger Band Middle, we can maybe see a pump.
As BTC in the short term seems to stay in its horizontal chanel and be sold. The BCH could take the oppurtunity and get a bit pumped again. While it is not very certain, that BCH actually will reach Prices, like drawn. If it will it will very likely get dumped again or create an new descending Triangle.
The Price should correct up to the Bollinger Band middle, forming the B Wave. Beware after that it is Possible that the Price forms the C Wave and corrects down further.
With the Media Coverage and the call of 20k reached, I think we will reach 20k soon too. After the ABC Correction seen, there should come an 5 Wave price increase, where we are at the second correctional wave now.
This Top was higher than the Top before, but only slightly. So iit seams the Market has not enough Momentum anymore. So the end of the Impulse Wave and the crossing on the StochRSI would suggest a corrrection. So I think a movement like the drawn ABC wave is possible.
It is either turning upwards again to return to the high points of before or it is falling down to the next Line. This is drawn with the green Lines. The dotted green Lines show, how it could behave after it did the decision move.
I could have been so lucky if I had not sold this coin :-( Anyway, a correction back into the Bollinger Bands. Else I am very Bullsih on this Coin, because it's usability and it might acctualy have a future, unlike some bubble coins
Bitcoin corrected to the middle of the Bollinger Bands. The BB was over stretched. Now the up trend will likely continue, also in long term, with Media attention and new FOMO Investors.
Maybe the Price will keep moving up, leading to a pump to very close 10'000, with a possible smaller dump afterwards and then break 10k. Because of the RSI and StochRSI it looks rather short term bearish. If we descend under the small blue line a small descend to the red one is likely. If we break the red line too there is a bigger downwards movement to around...
As BTC continues to correct downwards ETH follows. ETH could take on step closer to the middle of the bollinger band, but it seems like the momentum is not there to reach the middle, like BCH did.
BCH corrected the overstretched Bollinger Band, with a crazy run up to it's middle. Now it seems to continue the correction with regained momentum.