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.
@christiankat, 670 is not chiseled in stone but I think it should be around that area.
aformby
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@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.
aformby
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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?
Crypto_Sid
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@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.