Hey guys and gals,
Here is a update on LTC weekly equilibrium pattern that is in play, but we are looking at the day timeframe. Why you might ask? Because the daily shows you clues to what the weekly does. We don't ever look at one time frame. But more on that in a minute.
The first high was established around the week of 2/19, the first higher low formed 4/2, next lower high formed 4/30 and we are set seeing a new higher low going to be set in the next two weeks. Our downward trends have been much more aggressive than our price rise so that's why I'm speculating next two weeks if not sooner.
We'll be seeing hitting a resistance on the daily $154 sometime today that will take some time to break, IMO. But will be broken unless the bulls really show up.
The key base of support will be around $115. I do not foresee us getting anywhere close to this. Maybe $130-140 range, but most likely higher. This will set our higher low.
This is not a downward trend as the more recent lower high ($170ish) broke the previous lower low ($162ish). This equilibrium pattern will be confirmed with any higher low being established above $115.
The equilibrium pattern will then be playing out until probably late May or June. This will set a large opportunity for investing in crypto. This is all correlated to BTC, but depending on which of the big three coins are bullish at the time should be the one to go with. I feel like ETH or LTC will be more have much more opportunity of a percent gain or loss, but we'll see when we cross that bridge. $218 will be our top resistance to break from this equilibrium pattern. I'll update more as we cross our higher low.
ShiverMeTimberz here, firing one off your bow. It be your coin I be after, ARRR!
Tell me what ya'll think. Like, subscribe, comment. This is for education purposes only.
Here is a update on LTC weekly equilibrium pattern that is in play, but we are looking at the day timeframe. Why you might ask? Because the daily shows you clues to what the weekly does. We don't ever look at one time frame. But more on that in a minute.
The first high was established around the week of 2/19, the first higher low formed 4/2, next lower high formed 4/30 and we are set seeing a new higher low going to be set in the next two weeks. Our downward trends have been much more aggressive than our price rise so that's why I'm speculating next two weeks if not sooner.
We'll be seeing hitting a resistance on the daily $154 sometime today that will take some time to break, IMO. But will be broken unless the bulls really show up.
The key base of support will be around $115. I do not foresee us getting anywhere close to this. Maybe $130-140 range, but most likely higher. This will set our higher low.
This is not a downward trend as the more recent lower high ($170ish) broke the previous lower low ($162ish). This equilibrium pattern will be confirmed with any higher low being established above $115.
The equilibrium pattern will then be playing out until probably late May or June. This will set a large opportunity for investing in crypto. This is all correlated to BTC, but depending on which of the big three coins are bullish at the time should be the one to go with. I feel like ETH or LTC will be more have much more opportunity of a percent gain or loss, but we'll see when we cross that bridge. $218 will be our top resistance to break from this equilibrium pattern. I'll update more as we cross our higher low.
ShiverMeTimberz here, firing one off your bow. It be your coin I be after, ARRR!
Tell me what ya'll think. Like, subscribe, comment. This is for education purposes only.