Historically LTC Surges, 100% of the time if this Pattern Occurs
Since the start of 2017, Litecoin's 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak.
11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC. Will this be the 12th repeat?!?
Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a position. I believe this combined with my other reasoning in previous posts, is further confirmation that we will see the predicted rise in the next few days/weeks.
Hold the Line.
11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC. Will this be the 12th repeat?!?
Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a position. I believe this combined with my other reasoning in previous posts, is further confirmation that we will see the predicted rise in the next few days/weeks.
Hold the Line.
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Great to see LTC/BTC hold up on another test on the lower end of the triangle.
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Looking like a breakout coming within the next month. High Litecoin Transaction Volume, New Network Upgrade incoming and ideal technical setup.
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Its been a rough few weeks Ladies and Gents. Hope you are all holding in there. In times like this, I like to focus on the profits after this bear market has completed. Forecast out your positions valuations for when they return to 1)fair value, where 2)you believe they will valued and finally if we return to above 3) all time highs. Helps to keep the long term in mind, and lighten the pyschological weight of this red price action.
At the risk of being wrong AGAIN, something I admit by entering this trade early (still holding). I believe we are at a bottom. Interesting how BTC came close but did not touch the 200 Week moving average. There is still huge interest in cryptocurrency, it has not and will not go away. Might even be beneficial in the long run, that some of the more risky alt coins and stable coins, boasting great returns of 10-20% annually, have been brought into question.
Bitcoin and Some of the major Cryptocurrency projects (ETH,LTC,ADA,LINK and more just my picks) will be the only currencies in the world to have gained significant value in 10 years. Keep this in mind. In ten years, considering an average inflation rate of 5%.
>>> USD $1.000 today will be worth $0.5987
>>> BTC $30,000 today could be worth $250,000 at the low end.
Some thoughts to keep the chin up. Institutional news/propaganda on the major finance channels, are talking about buying equities at these valuations. They have shaken out all the retail and will now pump up their positions. Might take till the end of the year but they will make >70-100% gains this year, assuming we return to NDX highs. Don't miss out on the return to break even and on to long term profits.
At the risk of being wrong AGAIN, something I admit by entering this trade early (still holding). I believe we are at a bottom. Interesting how BTC came close but did not touch the 200 Week moving average. There is still huge interest in cryptocurrency, it has not and will not go away. Might even be beneficial in the long run, that some of the more risky alt coins and stable coins, boasting great returns of 10-20% annually, have been brought into question.
Bitcoin and Some of the major Cryptocurrency projects (ETH,LTC,ADA,LINK and more just my picks) will be the only currencies in the world to have gained significant value in 10 years. Keep this in mind. In ten years, considering an average inflation rate of 5%.
>>> USD $1.000 today will be worth $0.5987
>>> BTC $30,000 today could be worth $250,000 at the low end.
Some thoughts to keep the chin up. Institutional news/propaganda on the major finance channels, are talking about buying equities at these valuations. They have shaken out all the retail and will now pump up their positions. Might take till the end of the year but they will make >70-100% gains this year, assuming we return to NDX highs. Don't miss out on the return to break even and on to long term profits.
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