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#litecoin: A Composite Analysis | $LTC #bitcoin #bitfinex #btce

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Friends,


Here is an equal-weigh composite view of LTCBTC             , expressed as the average of the BTCe and BitFinex exchanges.

The interest here is to decipher internal strength of both exchanges against the $BTCUSD.


PREDICTIVE ANALYSIS & FORECASTING:

Predictive/forecasting model defined the following bearish targets:

1 - TG-Lo - 0.00291 - 10 JAN 2015

and

2 - TG-Lox - 0.00223 - 10 JAN 2015

Note that both are unusually narrow to one another, suggesting a higher probability reversal at/near these levels.

A second target was also defined at a loftier level, but this target would come as a function of TG-Lo completion at a very minimum - This conditional bullish target is currently resting as:

1 - TG-Hi - 0.01799 - 10 JAN 2015: The conditional High Target (Low-Prob.; High-Reversibility)

and

2 - TG-Hix - 0.02610 - 10 JAN 2015: The extreme of TG-Hi. (Very Low Prob; Very high Reversibility)

Both of these bullish targets are compared against a standard Fibonacci matrix, wherein 0.382, 0.500, 0.618 and 0.786 are the reference retracement from structure high to extreme low projection levels.



LTCBTC/BitFinex VS. LTCBTC/BTCe:

I have further dissected the analysis by isolating each component of the composite chart, such that:

1 - LTCBTC/BitFinex - Daily chart projects its own bearish targets (posted separately) as follows:

a -- TG-Lo - 0.00539 - 10 JAN 2015

and

b -- TG-x - 0.00432 - 10 JAN 2015

AND

2 - LTCBTC/BTCe - Daily chart projects its own bearish targets (posted separately) as follows:

a -- TG-Lo - 0.00401 - 10 JAN 2015

and

b -- TG-x - 0.00060 - 10 JAN 2015


ELLIOTT WAVE ANALYSIS:

Note that in the BitFinex chart, an internal bearish impulse wave is defined as reflecting the Law Of Alternation, where Wave-4 is thrice the time of Wave-2, and the entire impulse is likened to the lesser degree occurring in BTCe.


PATTERN ANALYSIS:

There are several patterns emerging here, but left for ulterior discussion if need be. None of which conflicts with the overall forecast.


OVERALL:

Overtime, there is a probable decline ahead, although I would look for the trendline defined in BTCe to cap an interim rally within the finer granular timeframes (M15, H4).

Individual BitFinex and BTCe charts will be posted separately with NO analysis, except reference to the one posted above.

Stay tuned,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


-----
Twitter: @4xForecaster
-----

.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
ADDENDUM:

1 - $LTCBTC / #BitFinex DAILY Chart:

snapshot


(Source:
#litecoin: A Composite Analysis | $LTC #bitcoin #bitfinex #btce
)


and


2 - $LTCBTC / #BTCe DAILY Chart:

snapshot


(Source:
#litecoin: #BTCe | $BTC $USD #bitcoin #bitfinex #forex
)


David Alcindor
Reply
nick.stoneman.5 4xForecaster
2 years ago
Many thanks for all your LTC analyses David. Very much appreciated and very rapid response to requests too!
Reply
12 JAN 2015 - Update:

From Twitter:
----------
$BTCUSD moved per forecast arrows (orange); Carved multi-month low; eyes BGT:

snapshot


@tradingview $BTC #bitcoin #forex
----------


snapshot



Also, from Twitter:
----------
$BTCUSD composite chart also moving per forecast; Nears 216.80 target:

snapshot


@tradingview $BTC #bitcoin #bitstamp #btce
----------


snapshot



David Alcindor
Reply
12 JAN 2015 - Addendum: The LTCBTC BitFinex DAILY chart:

From Twitter:
----------
$LTCBTC #bitfinex moves as forecast; Bearish targets remain in force:

snapshot


@tradingview $BTC #litecoin $LTC #bitcoin
----------


snapshot



David Alcindor
Reply
12 JAN 2015 - Addendum: The LTCBTC BTCe DAILY chart:

From Twitter:
----------
$LTCBTC #BTCe DAILY chart moving as forcast; Eyes bearish targets:

snapshot


@tradingview $LTC #bitcoin #litecoin $BTC
----------


snapshot



David Alcindor
+1 Reply
manipuflated 4xForecaster
2 years ago
David,
Do you have any thoughts on the latest big moves upward in LTC that started a week ago? Does that change the future outlook? SMA's seem to have really crossed over into the positive. It seems to be showing bullish signs that haven't really been seen in a year.
+1 Reply
4xForecaster PRO manipuflated
2 years ago
Hello @manipuflated - I am looking at the recent price action as a temporizing technical measure, as price has not yet completed any wave cycle or filled conditions that would herald a reversal by way of structural analysis.

... posting a tweet now ...

David
+1 Reply
manipuflated 4xForecaster
2 years ago
Hey thank you for the post. Would you mind doing a chart in LTC/BTC? I've noticed when BTC/USD drops faster as a % of itself than LTC/USD's %...then LTC/BTC has a tendency to go up faster than it should. Because more and more people think this way, they add more to LTC also in a quick downtrend BTC market. I'm noticing it becomes a self-fulfilling prophecy for movers. Are you seeing anything similar or am I just going crazy staring at charts too much?
+1 Reply
relaxmax 4xForecaster
a year ago
Hello David. Would you be so kind and make an actual analysis of LTC/BTC pair? LTC skyrocketed in recent time and some good chartists see the possibility of continuation. For examle here

snapshot


What do you think?
Many thanks and best wishes!
+1 Reply
01 FEB 2015 - Update:

From Twitter:
----------
$LTCUSD remains under pressure. Interim rally may scratch that bullish itch, but bears prevail still:

snapshot


@tradingview
----------


snapshot



David Alcindor
+1 Reply
4xForecaster PRO 4xForecaster
2 years ago
TECH-NOTE:

On a DAILY perspective, price retraced significantly to the downside, offering yet further reactive action up to 2.299 - Beyond that level, I would switch narrative from a bearish to neutral tone (a BACA would have yet to occur til then).

Let me re-post the chart with the proper enunciation of the targets, since we are dealing with probability values:

snapshot


As drawn, all targets posted are nominal ones. I decided to not post any of the numerical ones, since one has already been reached (in retrospect: 1.696 would have been posted had I build the chart in advance, while 1.590 would have been the second numerical target, or TG-2).

Bears have keep the upper hand on a daily basis. Some bullish agitation may have pushed price above the horny crown of slaughtered bovines, but the blood keeps pooling rising well above hooves and calves, and if the model remains true to its predictive deliveries, the hacking is expected to continue.

The new value I have started to offer in the analysis is in ecchymotic blue, representing the crushing most value price should attain, in which rarest case, the trader should have already switched to a HIGHER timeframe once price surpasses the bruising purple. Bleeding red is where I typically set my targets in trading - The colors are the same but reversed to the upside.

Hope this injects a bit of sense.

David Alcindor
Reply
23 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$LTCUSD / #bitfinex capped at 4.84 in S/T; Remains bearish in M/T:

snapshot


$LTC $USD #litecoin #bitcoin #cryptocurrency
----------


snapshot



David Alcindor
+2 Reply
24 JUL 2015 - UPDAT:

From Twitter/LinkedIn:
----------
$LTCUSD hit its forecast geometry at Point-5'; Expect to retrace to Point-4 level per Geo's OffSet Rule:

snapshot


#litecoin
----------


snapshot



David Alcindor
+3 Reply
vortexspaces 4xForecaster
a year ago
That was a great call David! Respect!
+2 Reply
24 JUL 2015 - UPDAT:

From Twitter/LinkedIn:
----------
$LTCUSD hit target and reversed as forecast; Predictive Model remains bearish:

snapshot


#litecoin $LTC $USD #bitcoin #forex
----------


snapshot



David Alcindor
+2 Reply
01 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$LTCUSD cedes to 4.0 trench; Continues to move forecast tracing; Bears remain in force:

snapshot


$LTC #litecoin #bitcoin
----------


snapshot



David Alcindor
+1 Reply
02 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$LTCUSD remains tethered to 4.0 level under WW's submission:

snapshot


$LTC $USD #litecoin #bitcoin #bitfinex #forex
----------


snapshot



David Alcindor
+2 Reply
02 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$LTCUSD - As bears remain in force, 1.414 or 1.618 #fibonacci extensions remain fair game:

snapshot


$LTC #litecoin #bitcoin
----------


snapshot



David Alcindor
+1 Reply
03 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$LTCUSD stomped at significant historical structure; Re-adjusts prior #fibonacci targets as shown:

snapshot


$LTC #litecoin
----------


snapshot



David Alcindor
Reply
18 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$LTCUSD #litecoin fell as forecast; Broke 3.20 floor; Bears still in charge:

snapshot


$LTC $USD #bitcoin #cryptocurrency
----------


snapshot



David Alcindor
Reply
4xForecaster PRO 4xForecaster
a year ago
ADDENDUM - Here is the other chart, with 1-4 Line getting hit as well:


snapshot



David Alcindor
Reply
18 AUG 2015 - Addendum:

Watch for this possible corrective development with nascent geometry:


snapshot



David Alcindor
+2 Reply
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