LTCBTC ratio has taken quite a beating over the last few weeks. However, with a little bit of patience we may be in for a bullish surprise.
Utilizing repeating patterns found in the 12 hour, 155 period fisher transform to predict future movement.
I'm not convinced that BTCUSD has finished shaking everyone out before it continues trend, it may not dip so low but I think it will dip below 540. Same goes for LTCUSD but 3.335 would be a hard stop for the litecoin. With LTCUSD retaining its value and BTCUSD losing more value, LTCBTC pair will likely return to mean approximately the same price it was before...
buy at 0.000416, tight stop
Analysis on chart. On average rallies have been sizeable, in the order of 1384% per weekly leg, while corrections have been around 80-90% overall. It's possible that the advance in Litecoin vs Bitcoin isn't done and that Bitcoin will tank while LTC will either stay flat or go up. If we see new highs in rgmov, above the resistance to the left, we will surely get...
Took profit from BTC :) Going to throw it into LTC now. For me personally without much worries , I am anticipating the W formation if traders want to take a lesser risk , traders should wait for a confirmed break out from the W formation. If an upward beak out from the W formation is confirmed then I can adjust to a higher target region :)
Chart says it all. Looks like $LTC may dwindle for a bit. Sold me bags.
We're looking at the early stages of a bitcoin bull run. People have noticed that in the last two big bitcoin rallies (April 2013 and Nov 2013) the ltcbtc pair rallied alongside btc, meaning that litecoin yielded a higher return than bitcoin during those rallies. This chart shows that the ltcbtc pair didn't rally until a few weeks after the bitcoin rally began,...
If this is indeed the midst of a larger impulse... We are within 3 of 3 to some degree where 2 had been a double combination correction. This was mimicked nicely on lower TF's into current move. (See linked chart) Target as pictured - could easily over extend. *Note: -12/26 EMA unable to penetrate downard.
See last post for detailed explanation of combination. (Linked) May have completed (D) of the triangle. Watch for (E) wave push to finish. Triangle may break early. *Note: - As stated in previous post, wave (E) can overthrow and retain its validity.
ETH running on 3 positive fundementals: Okcoin add rumor, coinbase add and the 160 M $ $DAO crowdfunding with $ETH trade active 0.03035 stop loss very close to position as in the chart.
Not even gonna count this ish. LTC is in love with the BB midline. UP, Down, Down, UP...oh wait... back to midline BB?! Not to mention, that stochRSI should be enough to petrify bears if they look directly at it. @_@
LTC 1WeeK candle closed above BIG Resistance Level - S&R Line + 38% Fibonacci Retrace.. Seems BTC + LTC Bull next weeks.. Look at my other BTC Chart.. First target for LTC is 127 FibExt. 68 CNY .. Good Luck BooooiZzzzz..
It's just an follow update after the pump event LTC went, the old support line seem to be now resistance. I wouldn't get in, but your millage may vary.
Seems after the rally of the past week the price seems to have support now near 0.00845 range. It has staying sideways while the RSI normalizes and the MACD starts to come right back just as Sunday approaches coupled with a meet with the Ichimoku cloud which will act as support for the next rally.
So, we failed to move past major resistance at $490 on quarterly futures. We have way to many margin longs on Bitfinex and everyone wants a free ticket to the moon. Another month of sideways will leave room for an LTC pump as it's trying to break from the LTCBTC ratio. Let's close these longs and start over, please?