A reversal confirmation posted on our ultramodern Apple McIntosh 128K flickering screen. So, we will simply state that the targets defined on January 25th as primary ("TG-1 = 0.022") and low *"TG-Low = 0.020") appear ever closer and feasible than before. We posted already a commentary on this chart three days ago (find it here: https://www.tradingview.com/v/57Ly5MK2/).
The outlook remains strongly ; targets are in sight and in force.
David Alcindor | 4xQuad.com
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OVERALL REVIEW OF SEVERAL LTCBTC CHARTS:
LTCBTC - Posted 11 months ago:
1 - Hit TG-1 dead-on
2 - Near-hit TG-Lo
3 - TG-Lo eventually hit and surpassed:
Momental lines remain in control, clamping price into a broad channel ... Until recently ... :
LTC has moved up and off the momental line. I will post a new chart on this soon.
Overall, this chart is built to highlight the relative strength of Litecoin against Bitcoin. For this chart to go in the bearish position and ultimately reach the bearish forecasts, the following scenarios and internal strength of each component has to happen:
1 - Litecoin goes up, but Bitcoin outperforms litecoin in its bullish move
2 - Litecoin stall, but Bitcoin rallies
3 - Litecoin declines and Bitcoin stall
4 - Litecoin declines faster than Bitcoin
In any case, the overall gist is not lost across exchanges. Sure, there will be variations within each candles, and the valuations are off, but the directions, depth of targets and precision of the forecasts should remain preserved.
I hope this answers your question.