sifeij
Long

LTCUSD treasure map

COINBASE:LTCUSD   Litecoin / U.S. Dollar
This is a log chart for LTC rise and falls within an uptrend channel . Each time LTC will hit upper channel is when the Fibonacci projection is 4 - 4.618, then it will come back to test previous breakout level (green horizontal lines) where it meets lower channel.
Mar 25
Comment: Looks like this video has a similar view of Litecoin projection, but a bit conservative than mine. But hey, still good enough :)

https://www.youtube.com/watch?v=_5g7U86G...
Apr 02
Comment: I will have to adjust the angle, that means the price target to be hit will be later than expected originally. $1600 might be reached during June -+ 7 days. But, as you know, last time LTC hit 420 is also outside of the channel, but it slingback in after a few days. If it happens for the current situation, we might be able to keep going within the channel.
Apr 02
Comment: I double check other exchange for LTCUSD chart and adjusted the angle of the chart accordingly...the target of 1400-1600 could be pushed off for a month and a half.
Apr 08
Comment: The nearterm targets

Apr 12
Comment: Breaking out of intermedia downtrend line in yellow dot line with decent volume. currently, it is lagging compare to BTC, but soon will be catching up (I suspect)
Apr 12
Comment: Check out the bottom of the chart, when MFI turns green on daily (marked with red hearts), it looks like a very good buying opportunity to go 10x target.

Apr 15
Comment: Cup and handle on 4H:

Apr 19
Comment: breaking out to the upside from rising wedge...
May 03
Comment: pennant breaks out...we are continue to be higher:
Good eye! Def a cup and handle.
+1 Reply
correct :-)
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I hope we stay within these channels and eventually hit your target prices...I'm okay if the timeframe is longer :)
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sifeij Cryptoleb1
@Cryptoleb1, I made comment above for adjusted expectations if we still follow 4.618 fib extension as the target.
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@sifeij, awesome thank you!
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And what happens now that the trend line is broken?
Reply
sifeij Andescript
@Andescript, I will have to adjust the angle, that means the price target to be hit will be later than expected originally. $1600 might be reached during June -+ 7 days. But, as you know, last time LTC hit 420 is also outside of the channel, but it slingback in after a few days. If it happens for the current situation, we might be able to keep going within the channel.

Reply
can this be adjusted in anyway to account for the recent dip?
Reply
sifeij Cryptoleb1
@Cryptoleb1, I made a comment above...
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guess not :/
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