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.
Another rare double combination. More likely than not, this won't play out quite right. But we are in a corrective pattern of some nature, and I'm bored, so here's my brainstorm. *Note: Wave (E) of triangle Y is allowed to overthrow and hold its validity.
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. @_@
I think we see Litecoin OKCOIN:LTCUSD THEROCKTRADING:LTCBTC moving in quite wide channel here. We are reaching almost resistance level and stochastic shows overbought market. I think within few days, maybe week we can expect price decline to like 3.0 - 3.1 USD per LTC Thanks for commenting and sharing your thoughts on this analysis
18cny possible soon, if not, to 30cny in any case, then bullish rally continuation or the last correction to 8cny before going up
We left top from the triangle now we should go up
LTC's volatility has been gradually decreasing since the mid 2015 pump and is now really close to all time lows as seen on ATR%. I don't expect the incoming move to take as long as the previous ones (given that we're already close to all time low volatility), but I found it interesting that the low points on ATR lined up date wise.
1st possibility: The GREEN abcde with target between 65cny and 80cny if this was a WXY correction (triangle) into an uptrend, otherwise 2nd possibility: The YELLOW abcde if it was the last part of the whole correction. This would probably finish at double bottom between 13cny and 5.4cny. 3rd possibility: The PURPLE abc that belongs to the BLUE WXY. Targets:...
OKCOIN:LTCUSD1W Major demand and supply zones are highlighted in blue on the chart. Within the upper Major Supply Zone, LTC/USD is presently ranging between two internal minor supply/demand zones. The volumes and the momentum of the range is decreasing as the returns of scalping these two zones is being diminished with respect to broker fees. Long traders...
Unfortunately, the support we identified in previously published chart gave way for another bearish move. Reviewing the wave counts are not made easy in instruments likes this particularly with lack of historical data. However, it seems at least in this bearish cycle a pull back could be anticipated for the following reasons: 1. RSI at potential support. 2. ADX...
LTCCNY - Litecoin Could Be About To See The Day Light Most Crypto Currencies have been in a bear cycle for over a year which I am sure must have humbled many eager bulls and given bears something to jubilee. In fact I have noticed that there seems to be more bears being vocal that ever before in the last 12 months of my observation. I almost given up even...
Market is sliding lower since yesterday. On yesterday's bitcoin update, I thought that bitcoin would retest lower support line and bounce, which it did. However, even with the Paypal news, the bounce was short lived and now we are at the lows of the day. ibankbitcoins.com Looking at bfxdata, BTC short swaps are at new high, this suggest that traders are...
Litecoin continues its downward trend to create a new bottom of 39 CNY, lower than the previous bottom. I continue to believe my previous assessment that Litecoins fundamentals are no longer enough to keep it in the position as the second place coin. Unless something very extraordinary(i.e, Litecoin on Coinbase) happens to Litecoin at this point, it's bound to...