Crypto_Sid
Long

LTD/USD - To the Moon - Well Not Really!

COINBASE:LTCUSD   Litecoin / U.S. Dollar
I know I know... clickbaity title, which i apologizes, but LTC has put in a run this morning so it seemed appropriate :). Looks like a setup is playing out nicely and there is profit to be had.

So this is a follow up to my post on two setups for LTC back in Feb 9. I had been watching this pair, but had not been able to update as much as i would have liked over the past few days.
Trade closed: target reached: Quick update.... Target 3 Achieve on LTC.

I think LTCUSD will climb up to about 670 in under a week.
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Crypto_Sid christiankat
@christiankat, Interesting... what makes you think it will climb that far that quick?
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christiankat Crypto_Sid
@Crypto_Sid, nothing but geometry...
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christiankat christiankat
@christiankat, 670 is not chiseled in stone but I think it should be around that area.
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aformby Crypto_Sid
@Crypto_Sid, To be fair to CK if you look at the log scale chart it looks like Litecoin will take a run for the moon. Sorry no chart but I did see that on someone elses chart about a week ago. I think their predictions came in around May time for around 705.
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Just wondering what you think will happen next. Will we bounce off the 0.618 or continue down. Given Litecoin is splitting soon I heard that pumps and dumps maybe on the cards given the take up of litecoin cash is given at 10 to 1?
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Crypto_Sid aformby
@aformby, My guess is some of the run up might be related to buying in order to capture the 10:1 at the fork. When you say .618... you referring to the .618 of the run up or weekly .618 i have on my chart around target 2. I could be wrong, but i think price will hold at the .328 of the current run up, which aligns with my Target 2, but also with the weekly .618 and D.786 i had on my chart previously. I guess time will tell.


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Great analysis Sid!! Love it! TY
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