MaxKoke

MaxKoke

As the bulls have slowed their progress in BTC and other cryptos like the lonesome LTC in its push upwards, it seems a correction is definitely not out of the question for the coming months. The downward channel in BTC is still clear and still unbroken and as we see a push up to the top side of the channel we have had a large amount of resistance from the bears....

MaxKoke

LTC / USD as I predicted in my last analysis has started to make a small correction on the 1 day chart. We are seeing a drop to $53 and our closest support will be the $50 range, where the bottom of the upward channel is in blue. As I depict with the arrows, the directionality could still be upward in the following days and week. But for now there is a good chance...

MaxKoke

Currently LTC/USD is going up on its own. BTC and all the other major coins are still far behind LTC's progress. Thus we might see a drop off period soon. As well the RSI is looking like we could come down below the red line. Until the coins catch up there might be a limit to LTC's progress. The red zone is where LTC is pushing above the upward channel, and is...

MaxKoke

LTC/USD is currently in a tricky position. Currently the bull market is looking good. There is still a chance of litecoin dropping to the bottom of the upward channel. We have had a strong week and it might back track. However, with the rise to $48 in the last coupe of days, we might see another perfect Bull Flag. It is going to take a few days to see if the flag...

MaxKoke Updated 

Few different key things to think about in the coming days and weeks. After the good news for the crypto market when the SEC said crypto ETF is a serious possibility and LTC's new collaboration, we saw all the cryptos shoot up in value. With LTC rising nearly 34% over the last couple of days. But the key thing to think about, (I am a Bull so I want this to be the...

MaxKoke

LTC saw a massive 30% increase today! This may have come after the crypto market got some good news from the SEC today! Still too early to tell but bitcoin is showing technical symbols that might mean we are finally out of the 2018 bear market that has dominated crypto for the last year or so. Bitcoin then has to close above the 50 EMA line today and stay within...

MaxKoke

ZRX / USD looks to have a bear flag on the hour chart. As well, the price is at the top of the Bollinger band currently, and RSI is showing it is reaching the 60 range which has been a common bounce to the lower end of the RSI recently. Looks like we might move to the bottom of the downward channel(Blue Lines). I am very much a beginner and just want to make...

MaxKoke

Looking over the LTC / USD one hour chart shows LTC is still hanging on. We are right on the top of the downward channel and touching. The RSI is showing that towards the 60 - 70 range during the last month that it tends to give around there. As well the bollinger bands are contracted so we will see a movement one way or another soon! Stay tuned! If we do see a...

MaxKoke

In my last analysis I pointed out the head and shoulder formation on the hour chart, then checking the one day charts found the same formation on a much larger scale. The 1 hour H/S formation is a possible validation of the right shoulder of the H/S on the daily chart and will drop LTC to the $10 range at the very bottom of the downward channel. Validating the...

MaxKoke

ZRX on the 1 hour chart is in a downward channel! I was waiting to see if the double bottom support at the red line. The RSI is also showing a repeated trend of bouncing up after reaching the 15 range, which it is close to now. If ZRX sees a large drop to the bottom of the channel soon, we should expect to see a price around .20 - .21! I am very much a beginner...

MaxKoke

LTC looks like it could be forming a head and shoulders on the 1 hour chart! This coupled with LTC nearly contacting the top of the downward channel means we could see a large drop in price. I am very much a beginner and just want to make observations and learn from them! My simple analysis is simply for fun and learning, please do not make trading decisions...