MagicPoopCannon

Litecoin Pops Above The 50 EMA, In Line W Fractal Analysis (LTC)

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Hi friends! As a quick update on Litecoin, you can see that it is breaking out above the 300 EMA on the four hour chart here, which is equal to the 50 EMA on the daily. If (and this is a big "if") LTC can stay above the daily 50 EMA (in orange,) I think there is a strong chance that we will see a rally toward the top of the downtrend channel in blue, before a potentially epic fall. So, that is what I see, and it aligns perfectly with the fractal analysis that I did the other day on LTC. A close back below the daily 50 EMA would negate the immediate potential of a rally to the top of the channel, and it would be a technical sell signal.

I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-
Comment: Here is the LTC fractal analysis for your reference...

Thank you so much for the quality ta
Am learning so much from you
+2 Reply
Love this post! Just gave you a shoutout in our recent video post below since you are such an inspiration. Thank for the quality ta as always :) You have our follow and like.
+2 Reply
MagicPoopCannon TradeIndicators
@TradeIndicators, Thank you for the kindness and support, my friend.
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I have targets at 10$
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I think BTC is going to initiate a nearly 50% drop starting early Monday morning. If so, do you think we will bleed out with low volatility for many months?
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I read from The stars LTC is going to 38$.
+1 Reply
@XLukaz, signs from the past :-)
These stars are located 4 light years away from us :-)
+6 Reply
baker13 blessmaster
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@baker13, :-)
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I love how you said "epic fall" lol!
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