LTC Descending Wave 5 (Heading Near Zero BTC Value)
The data does not look good for LTC. I would strongly reconsider holding this asset over the next six months in your portfolio.
Comment:
My view remains unchanged. LTC is now heading toward max fibo support. After that there is support at 0.010000 BTC. From there its game over...
Comment:
All you Litecoin'ers! Pay attention to this chart.
Comment:
Litecoin investors please pay attention to this chart :S
Comment:
Wahoooo!
Comment:
Touched support at 0.010000 BTC. We should watch to see if we bounce or breach this level as this will reflect in the LTCUSD pair.
Comment:
We've hit the support zone here, which will give some stability in the LTCUSD chart..
Comment:
The big question now is whether or not the H&S will activate...hmmm
Comment:
We kissed the top of the descending channel. A decision has to made here; breakout or breakdown?
Comment:
Let's take a closer look here:
Entering and breaking through the key fibo box could lead to a break of the major key fibo! That would activate the gigantic head and shoulders :( There is a trendline there, though, so that adds support.
Lets watch what happens here:
IF we get a bounce from the fibo levels or the trendline we may have a nice buy opportunity. :)
Lets watch what happens here:
Comment:
Uptrend line is broken
USD view:
Comment:
Head and Shoulders activated! Here's a closer look again. Fibo extensions provide short-term support for the market.
USD view: we are at the major uptrend line. A break will unlock selling!
Comment:
Why would you bother trading LTC??
Comment:
Uptrend broken
Down to max consolidation range?
Comment:
Nice countercyclical bounce! Is it over now?
Comment:
Yep...its over now....
