ronfkingswanson
Short

identifying historic cycles in LTC/BTC, waiting for next pivot

BTCE:LTCBTC   Litecoin / Bitcoin
2570 8 20
Once again, we're in that phase where cries of "Litecoin is dead!" are everywhere. But no matter what you think about all the hip new trendy alt-coins with flashy features, the historical truth is that Litecoin has been on the exchanges for years, and has served generations of traders as a useful vehicle in and out of BTC (without touching fiat). Miners have been cranking away on litecoin for ages (and still will be with the new scrypt ASICS arriving). A quick look at this deep historical record shows we're on the low side of the cycle for sure. So even if you don't think litecoin will ever reach the same heights as its glory             days, there's clearly room for profit.

So this chart isn't so much about projecting how high the next rally peak will go - there's plenty of evidence on this chart that LTC/BTC might be on a gradual lessening arc, not a straight logarithmic peak trajectory (Nov 2013             peak didn't reach the 100% channel top, and we've already sunk thru the bottom of the same channel). However, it's still a great ROI             even if it never gets above the median of this fork . I'd even be perfectly happy if it topped at the green channel, around 0.08. Instead, I'm charting this to try to time the best entry. I'm expecting us to get below 0.01 again, possibly all the way to 0.008.
Hoping for a nice dip to buy back in! :)
Reply
always expect despair to kick in right at the end of Phase 4 - which is what we're getting right now
snapshot
+5 Reply
still right on schedule. but now we're into "do or die" time. And given my bearish sentiment on BTC right now, it's hard to imagine LTC/BTC shooting up on schedule because of a wide crypto-rally. To maintain this cycle LTC would have to rise (or hold steady) as BTC fell, which would be a reversal of its behavior as a follower of BTC for months
snapshot
+2 Reply
Pure Madness.
Reply
Emanance LastBattle
Isn't that the best time to buy?
Reply
If you dare to :) This stage is a make or break time for Litecoin.
I'll have 50% on LTC and 50% on BTC at this point in time
Reply
Emanance LastBattle
That's a pretty strong position for an asset that currently hold's less than 1% the value of BTC. See, even you can see it's potential :)
Reply
hmmmm where is ltc going down to .007 ?to complete the double bottom i hope u follow up on ur ltc analysis regularly cuz u were spot on with 0.008 ...thanx man :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out