4xForecaster
Short

Update: Still Bearish, Cautionsly ... | #LTCUSD #BTCUSD #Bitcoin

BTCE:LTCBTC   Litecoin / Bitcoin
257 0 1
4xQ'ers,



Yesterday, we updated the chart following a significant decline as preempted by our earlier predictive analysis. As of today, we expect some price unwinding, respective of the overhead (red) trendline . However, as price broke through its upper bullish momental line, it is likely to reach its next lower level.

Targets offered are valued as expression of #Litecoin's relative strength against #bitcoin. Nonetheless, our predictive analysis and forecasting methodologies have proven reliable even on this chart, so we offer these targets in confidence and good faith. Notheless, always do your due diligence.

OVERALL:
Out look remains bearish . Interim unwinding to the upside might be capped by overbearing down-trendline.

Cheers,


David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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