LTCBTC (#bitcoin) - Chart Update - Double-Bot'ed

BTCE:LTCBTC   Litecoin / Bitcoin
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LTCBTC (#bitcoin) - Chart Update - Double-Bot'ed

Friends of 4xQuad,

This morning, we released a signal for a probable reversal to the downside. COnsidering that this is a relative strength chart, the decimals are not shown, so we resorted to highlight the probable target line from which we believe a support might hold.

At the current time, a double-bottom has been carved out, and we should see the floor soften up and price drive towards our target area if the predictive analysis holds true - So far, so good.

See the original chart (at time of signal release) posted on 4xQuad.com, if interested in this relative strength chart.


David Alcindor | 4xQuad.com
@flibbr - "TA on a pumped 100% manipulated coin is a waste of time. " - Which one are we talking about? The Yuan? Yen? USD? ... They all are bitcoins in a way, fiat currency with no intrinsic value, backed by faith, and swung around like dead cats. National pride, sovereign fiscal laws and arbitrary monetary policies are what keep any one of these afloat, if you think of it.

This LTCBTC chart is a courtesy TA requested on my FB page (www.4xQuad.com). The TA is as applicable as any other price-based asset, though - David Alcindor | 4xQuad.com
B10ckLanders 4xForecaster
flibbr, apply cold water to burned area...
TA on a pumped 100% manipulated coin is a waste of time.
@ronfkingswanson - Absolutely relevant. Thank you for sharing this very revealing chart.
maybe this corresponding long-term support on LTC/USD is relevant?
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