Very short video highlighting a trend line break and the measured targeting being hit. It made that run to $250 but just didn't quite get there.
I do expect to see a pull back considering this just took off... my guess and that's what it is... maybe back to the $233-$229 area.
In my opinion, LTC is consolidating (moving sideways) trying to figure out, which what it goes. I'm slightly biases towards a downward move, but would not be surprised to see price action move up.
I mention two areas in the video above and below... i'll add to current position on a dip or have to reassess if we move up.
I hope you enjoyed the video... give...
LTC is right now looking so strong...
Basically :
1 - Just broke out of a falling wedge that tells us that it should now take more than $190 from the breaking point
2 - Big Hidden Bullish Divergence that tells us that LTC is going to the $270 (from 158 to 214 = $56 to add to $214) => $270
3 - $270 is a big higher high in our new bullish trend that corresponds to a...
So in last night's video I mentioned I expected to see price action pull back from the area of $230 (at that time) and that pull back is starting to play back. While I would love to see price action move up over down, I do expect to see pull back to the areas I mention. Only time will tell in the long run!
I hope you enjoyed another video, if so give me a...
Quick run over what i'm seeing in my charts after this mornings update.
I'm hoping for price action to hold present levels, which is possible given that there are folks probably looking to get in in order to take advantage of the Litecoin Cash fork if it's not a scam!!
However, i do expect to see a retrace I mention in the video.
If you enjoyed.. give me a...
Really quick video to follow up on my Feb 14 video where i explained my expectations for LTC.
Those expectation have played out and I did get my expected pull back, so now I'm picking a new target of where i think price action may be moving.
I hope you enjoy the video... give me a like and leave me a comment on what you're doing on LTC>
So we hit our target off the double bottom I mentioned in a previous video and it got me thinking what's next. Run through my quick thoughts on what i expect out of price action. Of course, i'll monitor again tomorrow morning and change plans ff needed.
I think the confluence of fib level, I mention in the video are interesting and be curious how price...
I know I know... clickbaity title, which i apologizes, but LTC has put in a run this morning so it seemed appropriate :). Looks like a setup is playing out nicely and there is profit to be had.
So this is a follow up to my post on two setups for LTC back in Feb 9. I had been watching this pair, but had not been able to update as much as i would have liked...
This video is a follow up to a Feb 1 post where I identified two lower level targets as possible buy opportunities, which played out (linked below).
Right now price action is looking very bullish and i explain how I'm reading it and two chart patterns taking place and three target levels I'm aiming for.
I hope you enjoy the video... give me a like and...
Hey everyone.. Check the links below for back history on this and my TA on LTC.
Right now, from the 4hr chart, it looks like my thoughts on a double bottom and falling wedge (both indicators of reversal) are potentially starting to come true. (WOOT!!)
We have a close above and current confirmation of move to the upside. I'll be monitoring over the next...
** In the video I stated "double top" and I should of said "double bottom" but you'll get it when watching :) **
Below bullets summary of video:
W - Weekly overall showing Bullish, weekly price action has returned to spoke onto the 786 fib retrace, above the 36 day MA (bullish)
D - Price action below the 36 day (bearish), 200 MA providing support, slow moving...
I go through my bullish and bearish scenario at this price. waiting for a 5 wave off of previous low to turn bullish. Waves 1 and 4 did overlap which technically invalidates my count. However, based on BTCUSD and how volatile LTCUSD is, I am still short right now and have the 108 as a wave 3 and waiting for a wave 5 to $~70
I'm looking for one more low to bring us to the $108 to $70 range right now assuming this is a zigzag correction 5-3-5. Its hard to catch the bottom so I'm planning to start averaging in depending on what happens tomorrow and then wait for a impulse wave up/correction for a full position.
