piatt.jesse

piatt.jesse

Bottom found, now we flag up for a while. Daily RSI and Macd are on the floor. Each time this has happend we have started the next bull run shortly after. Look for the price to hang around the mid 100's for the next few days before going to test resistance around 190. If we break through then that will be a full confermation that the down trend has ended.

piatt.jesse

Looking at the long term history of LTC (last 12 months) we can see the bottom trend line that LTC had followed (yellow) and the upper resistance (blue) that we kept trying to get over. With each failed attempt at breaking the upper resistance a fall to the support line occurred. In december LTC broke through that upper resistance. After a subsequent meteoric...

piatt.jesse

I think ETH is done for a while, after an amazing rise looks like we are seeing the formation of an evening star candle on the daily chart. Retracement should take us down to the popular .618 level at approximately $950, possibly a little lower due to the emotional stability of new traders that have entered into the market space recently.

piatt.jesse

Ok, it looks like LTC has lots of legs reaching down to the 200 ema without breaking it. 4 hour RSI is starting to point upward again. Volume shows that buyers are coming in and pushing the price back up each time the price tries to dip back to the 200 EMA showing that we have a lot of bull action under that line. I'm still not happy with the Daily RSI and...

piatt.jesse

looks like LTC now has a very defined support and resistance. Will be very interesting to see what happens as we get closer to the end of the pennant. I think break upward has the possibility of taking us to 600. Flag pole of 318 + breakout price of 280 (approximately) would put us at $600. A break downward might take us back to 150.

piatt.jesse

This apply s to both LTC and BTC -11.21% as the charts on the two are almost identical as normal. BTC has reached the bottom of the pennant , the RSI , Macd and Stoach are all showing well oversold at this point and the 1day charts are now in a position to support upward ward movement. With this last drop down to 213 believe the bearish trend will turn neutral for...

piatt.jesse

This apply s to both LTC and BTC as the charts on the two are almost identical as normal. LTC has reached the bottom of the pennant, the RSI, Macd and Stoach are all showing well oversold at this point and the 1day charts are now in a position to support upward ward movement. With this last drop down to 213 believe the bearish trend will turn neutral for some...

piatt.jesse

On the daily chart LTC is within 1 day of moving out of a pennant. With the RSI sitting at 50 should the price break to the upside we have a good possibility of looking at a move back to the ATH and possibly a new ATH. How every should the price break downward we could be looking at a move back to 100-150. The Stoch points to a break to the upside but the Macd...

piatt.jesse

LTC is within 5 hours of breaking out of its current pennant. If the price breaks to the upside we will be looking at moving back to 300. Should we break to the downside I see price falling to around 220 which falls in line with the established down trend support level. 24hr volume has been falling and the RSI and Macd on the 1day charts are still quite high...

piatt.jesse

Looks like ltc is still in a downtrend pattern, should be seeing a further slide in price or a break up and over the downward trend any moment now. If we bounce down I suspect we will go to 250 for test and consolidation for another try to get over the trend line.

piatt.jesse

lets see how this works out. LTC seems to like the .618 mark on retrace. I think we will see a full retest at this point (290) with a full one hour candle before going back up. Gdax resuming BCH trading tomorrow morning is most likely going to impact this outcome to some degree so keep an eye out on that. Let me know what you guys think, good or bad. I'm still...