somanystreams

somanystreams

Let's look at LTC. for the last 11-12 days LTC has been in a horizontal consolidation period. It seems the bears are either running out of steam or they are waiting to attack, and the bulls are just not certain it's time to jump in the ring. If you look at the chart I've drawn it appears a further downward movement is in for the near future. We have formed a...

somanystreams

On the 4 hr chart, LTC broke through the lower resistance line. it had a short bull run only to retrace back to that line, which appears to have now become support, which is usually the case. We still haven't broken through the major downtrend resistance line and therefor the bears are still in control of the market. Until we break free of that upper resistance...

somanystreams

Looks like LTC is breaking through the first resistance. Let's see if it can break through the 160 resistance it met the other day. And then it looks like we'll be looking to the next resistance around the $190-$210 area. Be careful though. It could just be poking its head above this resistance and get slapped back down. But it's looking pretty good. So...

somanystreams

LTC is getting ready to take off but still waiting for some major resistance to be broken. We currently have bull momentum on the MACD and a recent double bottom. As you can see there are two bull flag patterns forming on this long correction period we've been in. The recent double bottom should have shot us up into lower $200 usd level, but it hit resistance...

somanystreams

Litecoin is still following the Bullish channel that it broke into last week. This is just a retracement and I expect it to bounce of that bottom support channel line. Then up to the 320-350 mark. Let's see what happens. So far my analysis has panned out just as expected. But I'm not always right.

somanystreams

Well LTC has finally broken out of the correction trend (2nd Elliot Wave) after reaching its ATH. Looks like we're seeing the beginning of an Elliot Wave 3 run. Elliot Wave 3 are usually the longest and fastest moving waves in the pattern. If not the longest, it is never the shortest, so we could easily see this next long run peaking anywhere between $450-$600...

somanystreams

litecoin is still on a bullish trend. We are currently in an expected correction period. The chart shows clear support and resistence levels. It is also in a bear wedge, so it's possible within the next few days we'll see a more extreme retracement before the next leg up. Looks that the peak is $388 on the upper channel and $400 on the lower channel. ...

somanystreams

After LTCs last surge and retracement we now have a clear channel that has formed for support and resistance. The major resistance appears to be between the lower to mid 70s while the major support appears to be in the mid 50s in USD. These are our buy and sell zones. You can play the in betweens if you dare but know these are higher risk levels for day...

somanystreams

Well, LTC was looking good for a breakout until it's recent drop below the rising support line. We had an ascending triangle that was showing promise for a real breakout that has now had its support compromised. The horizontal resistance line (in red) has continued to hold up since 9/16 and now we have a new resistance that was once our support on the...

somanystreams

Looks like LTC may be about to break out of the second resistance trend line. We could possibly be seeing the beginning of an Elliot Wave 3, which often are the longest waves of the 5 wave pattern. If this breakout pattern continues to climb this could be a good buying opportunity. But let's wait and see before we jump on board.

somanystreams

LTC needs to break out of the once support, now turned resistance. Once this resistance is broken we have another resistance to break before we can see a true bullish trend again.