LTC is currently at 189 (on HITBTC) in the C wave of and ABC correction of the larger Crypto Bull market. It has an extremely high probability of dropping below 100 within the next 2 weeks. I have been warning traders of this drop since LTC was above 240 a few days ago.
This analysis is based on a multi market analysis of Coinmarketcap.com, BTC, ETH, NEO, XLM, LSK, and more using tricks picked up from 30 years of technical analysis of markets and years of managing tens of millions of dollars as a top ten ranked series3 licensed former Commodity Trading Advisor. I only tell you all of this because there are too many new and inexperienced traders and market analysts giving bad trading advice to other newbies. I want to save you some of the pain I went through over the years. I learned the hard way.
Happy Trading.
This analysis is based on a multi market analysis of Coinmarketcap.com, BTC, ETH, NEO, XLM, LSK, and more using tricks picked up from 30 years of technical analysis of markets and years of managing tens of millions of dollars as a top ten ranked series3 licensed former Commodity Trading Advisor. I only tell you all of this because there are too many new and inexperienced traders and market analysts giving bad trading advice to other newbies. I want to save you some of the pain I went through over the years. I learned the hard way.
Happy Trading.
Comment:
LTC Analysis still stands even though the move is taking longer than I expected. The market decided to take a rest and move sideways to slightly down for about 2 weeks and I now expect the move down to accelerate towards the target in the coming weeks. A lesson in patience. Thanks.
Comment:
I know it has been a while but just updating you that my LTC target is still in play as certain high probability events have not yet occurred in LTC, BTC, or in Coinmarketcap.com. LTC came extremely close to reaching its target of 100 before bouncing up to its current price of 140.39. Right now the daily RSI is at 54, a level not seen since a previous major high area around the March 3rd time frame. There is also hidden bearish divergence in the Daily RSI, suggesting a high probability of a continuation lower to begin soon. Happy Trading!
Trade closed: target reached:
Finally after a long and patient wait. LTC has reached its forecasted target of below 100. It took a lot longer than I expected but that is actually a good sign for future long term bullish moves, once this down move has completed. So much for all of the haters who said I was wrong, and that my 30 years of TA experience and years of managing tens of millions of dollars for Whales meant nothing. So much for Cryptofortune (now banned from Tradingview.com), also known as LitecoinQueen on Twitter, who was so confident I was wrong, she promised to give me 10 LTC and 1 BTC if LTC went below 100. Pretty certain she will not keep her promise now that LTC has dropped below 100 though, Ha ha.
My current success rate on Tradingview.com is 100% on closed crypto currency targets. My current success rate on Tradingview.com is 87.5% on closed Forex targets.
Crypto Currency Targets Released: 6
Crypto Currency Targets Closed: 4
Crypto Currency Targets Reached: 4
Closed Crypto Target Success Rate: 100%
Happy Trading! Thanks.
My current success rate on Tradingview.com is 100% on closed crypto currency targets. My current success rate on Tradingview.com is 87.5% on closed Forex targets.
Crypto Currency Targets Released: 6
Crypto Currency Targets Closed: 4
Crypto Currency Targets Reached: 4
Closed Crypto Target Success Rate: 100%
Happy Trading! Thanks.