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jmlopez2
May 26, 2018 7:39 PM

BULLISH CCI Divergence with HEAD and SHOULDERS on D6 Long

Litecoin / United States DollarCoinbase

Description

Wow... I hope everyone is seeing this. Remember, the longer the timeframe, the more significant the data is on the chart. This bullish CCI Divergence on D6 shows the second half of the right shoulder starting to form. From this point foward, Litecoin will skyrocket to the NECKLINE which is at about $192.
Comments
i8myapl
All i see is a large bear flag forming, but hope you're right :)
UnknownUnicorn788630
The ratio has made a head and shoulders on the weekly chart. Last time this happened LTC dropped 80% in value. In addition, BTC looks ultra bearish, and LTC has rarely made a positive move independent from bitcoin. I don't think LTC will go up anytime soon. In fact, I believe it's more likely to see $20 ltc this year than $180 ltc.
jmlopez2
@MonocoleDundee, I guess that you failed to see the preponderance of evidence on the Weekly chart and you didn't see a contracting triangle of a bullish market.
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