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Short

Update: Target Hit Dead-On! | #LTCUSD #LTC #USD #Litecoin

BTCE:LTCUSD   Litecoin / Dollar
1168 13 8
Yesterday, January 25th, we warned cryptocurrency traders that a significant rally was afoot. We offered a directional bias to the upside and defined a precise target level at 23.357.

OVERALL:
As of this past 4-hour candle, the bullish target was hit dead on, however we remain bearish as to the overall outlook and directional potential of this chart for the time being. If any market reversal signal occurred, we would make sure to share any change in our directional bias.

Cheers,


David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting


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David Alcindor, CMT Affiliate #227974
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TheChasm
2 years ago
Good Job here. I missed this target myself. Mine was much lower.
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4xForecaster PRO TheChasm
2 years ago
@TheChasm - Thank you TC, very sincerely appreciate the feedback. David.
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flibbr PRO TheChasm
2 years ago
Lower will come.. in time.. I've been holding since $45+ for back to single digits.. missed the first $9 bounce a while back.
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artem.koloskov
2 years ago
Do you guys consider the BTCUSD influence on LTCUSD when making charts on LTCUSD and LTCBTC? If not - why not?
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4xForecaster PRO artem.koloskov
2 years ago
@artem.koloskov - My apologies for this delayed reply. Yes, I do. In fact, I built the relative strength chart LTCBTC in order to decipher any discreet move that would give any sort of pending directional information about one or the other asset.

Is this answering your question?

David
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quakefiend
2 years ago
wooo I can't wait to load up at 15.
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ChimbOt PRO
2 years ago
good stuff, you never cease to amaze
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4xForecaster PRO ChimbOt
2 years ago
@chimbot - Thank you for the compliments. Very glad you like the forecasts. David
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29 JAN 2014 - So far, so good ... 15.565 is coming to us. Well, price is moving to it. I will produce a new chart once a significant technical event occurs.

Cheers,

David
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SunnyBTC PRO
2 years ago
Love it - keep it up. We'll be waiting with open arms at 15.565 ;)
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4xForecaster PRO SunnyBTC
2 years ago
Price is now consolidating right along that target level. Open arm invitation worked quite well for this chart. Cheers, David.
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FrancisKim
2 years ago
buying a bucket load soon.
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19 SEP 2014 - (Very Late) Update

I received a few requests to post a chart on LTCUSD from the BTCe exchange. I found the data interrupted and not as reliable. The forecast I offered here was easier when there was no disruption, but the daily chart is simply not that useful.

David
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