Litecoin LTCBTC - Long-term Forecast towards August 2019 Halving

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The aim of this 3D Timeframe LTCBTC chart is to mainly track the timing of the Litecoin LTCBTC pair towards the Halving expected around August 2019. We are using the August 2015 halving fractal to attempt to predict the future move of the market. As of now, we observe two potential bottoms on LTCBTC through one blue and one purple projection in this Bear Market prior to the halving rally.

Short-term, we expect LTCBTC to top around 0.0111-0.0121 by January 16 (Ethereum’s Hard Fork/Sell the news event) before the Bear market attempts to resume.

Long-term, we expect LTCBTC start the halving uptrend by end of May 2019 and to top around 0.0238-0.0277 by August 2019 Halving (Sell the news event)

Buy/Support:
Based on Technical Analysis, Fractal Analysis and the above, we see the Bear Market bottoming potentially at the below levels which would be good buy areas:
0.00330-0.00235 - Potential final bottom #1 (purple bearish fractal if Ethereum drops to $55-46)
0.00734-0.00623 - mirrors Ethereum's buy levels at $84-80 = Potential final bottom #2 for blue/bull/double bottom scenario
0.00786-0.00810

Sell/Resistances:
0.00914-0.00956 - HIT - Top of descending triangle
0.0111-0.0121 - Sell 60-80%
0.0130-0.0140 - Sell fully / Final top before the Bear Market resumes the downtrend
0.0180-0.0190 - Halving rally - Sell 33%
0.0211-0.022 - Halving rally - Sell 33%
0.0238-0.0277 - Halving rally - Sell fully

Stoploss: At 0.00820. You may also use the same stoploss as Ethereum which is currently at $133.

Short-term Chart:

Trade active:

See also Litecoin LTCUSDT - Longterm Forecast towards August 2019 Halving:

Comment:

Rejected at the top resistance 0.00956. As of now it appears we are following the purple path towards more downside.

Comment:

While we wait until May 2019 for the halving pump to gradually start and top around 0.0238-0.0277 by/before August 2019 (Sell the news event), the short-term seems to point to more downside to bottom at 0.00330-0.00235 following the purple scenario. At the moment I find it best to remain on the sidelines and not trade this pair until we see a break up past the top resistance currently at 0.00914-0.00956 (blue scenario) or break down below 0.00734-0.00623 (purple scenario).

Comment: