Tropicana50

Tropicana50

LTC just loves to play mind games with its holders. This scenario would meet several confluence fib ratio levels and would cause all bears and bulls to get burned. False breakout from the macro down trend would cause FOMO buyers to buy the absolute top with the pre halving narrative. LTC would then fall to complete its macro 5th wave and triple bottom.

Tropicana50

LTC within a downward channel with a clear setup for a 5 wave move to bounce off the major uptrend channel. The 38.2 fib also has confluence for this target from the move up.

Tropicana50

Litecoin is reaccumulating inside a bullish pennant. Break out expected after the spring.

Tropicana50

This is what I am expecting from the LTC/BTC ratio pre halving pump into April/May before a full reversal back down.

Tropicana50

Horizontal rainbow levels and halving dates for Litecoin.

Tropicana50

The current chart running back several years has clear signs of a large Wyckoff distribution process. Anticipating an upcoming large upward move into the next halving before a complete collapse.

Tropicana50

Litecoin looks to be in the initial phase B of a Wyckoff accumulation pattern that should see the eventual low spring come in late November or early December.

Tropicana50

If the resistance at $60 is broken we would breakout of an adam and eve pattern with a target of $90.

Tropicana50

An adam and eve bottom could be forming here with bullish divergence on the RSI. Watch for the breakout of this rounded bottom later in the year.

Tropicana50

Bottom of the falling wedge and complete capitulation will likely result in a rounded bottom that will touch $30 before a breakout.

Tropicana50

Here is what I expect Litecoin to do in the future for its final capitulation move down to $42.

Tropicana50

The LTC macro channels line up with a further 30% drop from here before a quick rally into Fall to reach $175. Short term stay short before turning long at the bottom of the channel.

Tropicana50

Falling broadening wedge has confluence with the long term market trend top of around 20000. - DXY and TNX shows vast amounts of liquidity on the side lines. - Puts are at all time highs which will add fuel when short covering. - Wall of worry is in place with war, fed and inflation concerns. - Massively oversold on all technicals. Market is prepared for the 5th...

Tropicana50

A breakout of 128 would be a great entry point for this trade.