Green box would represent more than a 50% retracement from ATH. Upper bound around $33k and lower of $30.55k. $33k would be a support line from June and July of 2021. Lower $30.55k is a long term support line for Coinbase listing lifetime. Last time this line broke was the breakout of the $20k resistance. If BTC falls through that, back to $20k by end of Feb...
LTC broke a short term resistance and a long term resistance that was previously support into the all time high. LTC has yet to print a new high like BTC and ETH. The value of LTC as compared to LTC/BTC and LTC/ETH show upside potential of $1200 once LTC starts making a move on the all time high.
With the Dow, S&P, and NASDAQ making new highs Apple has underperformed the market. Looks like AAPL has started a new leg over. Expect some support at $127 until the first week in March. I would expect that this is a leading indicator to a pullback in the market of 8%-12% by mid March. When the most valuable company is down 8% from its all time high and not...
Need to close and hold above $139.98-$140.09 from 12/27-12/31/2020 to start a new leg higher. Next leg range will be $139.68-$201.88. If there is a 3 day close under $139.68 consider bull run over. There's opportunity to start a small position below $79 accumulating until between $69.94 and $64.30. Below $60.61 is exit until $39.18. This is just my opinion and...
Needs to clear 125.67 to maintain run up. LTC is lagging behind BTC and is undervalued. Should be minimum $300-$350 in my opinion in relation to BTC over $20k
Bitcoin need to close above approx. $12200 near term to clear long term resistance. See green arrow. This will verify the bull run. If not expect the pull back to be between $9600 and $10k. If that breaks next support is in the $8800-$9400 range. August 12th looks interesting as a decision day of sorts.
As usual LTC will run up against the peak to peak resistance line. Slow bounce like a deserted basketball until it rolls sideways. Then one day a new kid will discover it and pick it up.
I predicted that LTC would bounce off long term resistance and go lower in a previous chart. If LTC consolidates in the highlighted area then expect a break out the next time it reaches the resistance. Long term support is creeping up into the $37-$38 range.
Resistance points for long strategy. Upper resistance point is from 2017 that was once a support line. Last run up bounced off this line before pulling back. I used fib time based for time frames. Smash the like button, hit subscribe.
$ltc is sitting dangerously on support trend line from Dec '18 low to most recent bottom. At a make or break moment as yesterday it broke through closing above the line. If a dramatic upward move isn't made by mid Oct, the possibility of breaching Jun highs will be extended into Jan/Feb '20.
Sept 16th either the current down trend will continue or the longer up trend will prevail. The thick lower green line needs to held or we could see another long cold winter.
Here is a sneak peek at my long term prediction. I have a little more to figure out with the width of the handle and alternate trajectories. Blue dashes are the alternates, with a slower run up. I will publish that final long chart, then some where find my inner bear for the short side prediction. I'm a glass is always full type of personality. That's going to be rough.
