All information is in the chart.
Also 1d chart for ltc/btc:
The vast majority of litecoin weak hands sold at a loss at some point throughout that epic 2 year downtrend. Any remaining weak hands who were looking to get out on a bounce sold on this last correction. IMO everyone who wanted out is out of this market, plenty of room to rise now, how high who knows, but this chart is just a guess on the next few weeks if we do reverse here and break the $27-$29 range.
Also 1d chart for ltc/btc:
The vast majority of litecoin weak hands sold at a loss at some point throughout that epic 2 year downtrend. Any remaining weak hands who were looking to get out on a bounce sold on this last correction. IMO everyone who wanted out is out of this market, plenty of room to rise now, how high who knows, but this chart is just a guess on the next few weeks if we do reverse here and break the $27-$29 range.
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hitting support from the 50 MA on the daily now, and rsi trendline.
Expecting a bounce, if not then a test of the low .01's is likely.
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When we learn that no core devs were involved in the agreement tomorrow at consensus, and that it also involves a 2 mb HF baked in (this is the word on the street as of now)...I expect litecoin to rally hard. Unless I am misinformed about the agreement, I feel confident about this. There are many who naively are thinking "segwit is coming to bitcoin tomorrow". They are wrong (again assuming I have the right information). Good luck.
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Looking great.
Inverse H + S forming on ltc/btc
Inverse H + S forming on ltc/btc
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First off, it appears my last updated was in the comments by accident.
Second, wow that was a nice fall, good trade there if you were paying attention--when we broke that trendline we went all the way from $24.5-->19 or so. I have to think a bounce is coming here, we made all the way back down to the channel on the 1d chart and the 50 MA, and there's still a great hidden bull divergence there. If you take a look at the 4h we also made it all the way back down to the 50 fib which *should be good support.
In terms of ltc/btc, we also made it back down to the .618 fib for another retest.
Second, wow that was a nice fall, good trade there if you were paying attention--when we broke that trendline we went all the way from $24.5-->19 or so. I have to think a bounce is coming here, we made all the way back down to the channel on the 1d chart and the 50 MA, and there's still a great hidden bull divergence there. If you take a look at the 4h we also made it all the way back down to the 50 fib which *should be good support.
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lol, apparently the price wicked to $15 when i was asleep but now right back where we were before : )
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Bullish Divergence:
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Bullish Divergence:
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Ugh, sorry posted the wrong link twice in a row lmao, mean to post this on ltc/btc 4h...Bullish Divergence:
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Adam and Eve bottom forming?
