Looking at the 1 Day Chart for LTC. There is a definite Elliot Wave in this current Market Structure, which we are about to leave. However, a New market structure is forming. Looks like we may yet see a retracement A,B,C pattern back to the prior low of $260 price range (it may dip below this point again; (Point "C" on the Chart) (Potentially)?! Its okay, because we will see a flood of my investors in the Crypto Markets over this Christmas Holiday; similar to what happened over the prior Thanksgiving Holiday. Note the Volume Pumping Up on the MACD for the 1hr and 4hr Charts!!! But LTC could still dip back to down again...eventually putting us back UP to a NEW HIGH around $500 - $600 price range, before this pattern repeats all over again!
Don't worry if it dips again; its probably just large scale investors; i.e, Banks, Insurance Companies, Wall Street (Large, Long RED Candles typically represent "BIG MONEY," movements). I hate these guys because they are WHALES creating "Sloshing," waves in the Markets. Its like being in a pool of water then someone jumps in (Cannon-Ball) splashing/waves.
Anyway; here is what I am seeing on the 1 Day Chart for LTC...its just an educated guess as to what may happen? (I did not expect the WATERFALL event on 12-22-2017) nonetheless, our recovery has been well underway as we settle out back above $300 LTC price range. NO Worries!
Merry Christmas!! GO, LTC...GO, GO, GO!!!
Don't worry if it dips again; its probably just large scale investors; i.e, Banks, Insurance Companies, Wall Street (Large, Long RED Candles typically represent "BIG MONEY," movements). I hate these guys because they are WHALES creating "Sloshing," waves in the Markets. Its like being in a pool of water then someone jumps in (Cannon-Ball) splashing/waves.
Anyway; here is what I am seeing on the 1 Day Chart for LTC...its just an educated guess as to what may happen? (I did not expect the WATERFALL event on 12-22-2017) nonetheless, our recovery has been well underway as we settle out back above $300 LTC price range. NO Worries!
Merry Christmas!! GO, LTC...GO, GO, GO!!!