mkjas
Long

LTC +$400 By May

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
1. If you look at the red ovals you can see large candle sticks. They appeared on 12-11 and 2-14. These price ranges are from $155-$212. We are in the same buy zone, and in the light of the news with litecoin, I believe it is likely to see large buys to enter at these same price levels. (I predict 1 large green candle need the empty green oval)

2. Likewise with the yellow ovals, I suspect we will see another buy order ranging from $215-$290

3. As we begin to approach ATH we will begin to sell some selling. This may in turn lead to a cup and handle pattern.

4. You may wonder why I put the timeframe below in blue. I believe we are seeing the time frame shorten between each large buy order...as this time shrinks, the more volatile the price will behave.(These time frames also match up with he empty ovals from above)

I feel these are some good thing to be aware of. I understand there are no technicals behind it but i rather post it and me be wrong than, me not post it and me be right! (I need some reputation points please and thank you!)

Please like if you feel you may have taken something away from this chart. Leave me some constructive feedback as well! See you all on the moon! :)
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