LITECOIN, LONG OPPORTUNITY FOR 2018. [after retracements]
**always remember to buy on breakouts**
Having near 100% accurately forecasted litecoin to hit $120 , I am taking another stab at where next it will go...
Good trading opportunity for traders and investors coming up.
1 day timeframe
- Forecasted Lowest dip for a good buy - $30
- Forecasted highest rally on D leg of cypher for a good profit- $315
Litecoin looks like it wants to do 2 100% retracements which are either back to $105 or back to $31.
A) If price breaks up above the blue trendline and rallies strongly above the 23.60% Fib level we'll still be aiming for $315 but I will update my analysis.
B) If price doesn't break up above the blue trendline, we may be looking at hitting $31 on the C leg of the cypher before a rally up to $315 on the D leg.
.........Analysis completed using...........
1 - Support and Resistance
2 - Cypher harmonic pattern
3 - Trendline analysis
4 - Elliot Wave
........Along the way for traders..........
- Forecasted Elliot waves + fibonnaci levels
allowing for re-entry and take profits
Note: Most of crypto is driven by fundamentals which may throw this forecast upside down !
Having near 100% accurately forecasted litecoin to hit $120 , I am taking another stab at where next it will go...
Good trading opportunity for traders and investors coming up.
1 day timeframe
- Forecasted Lowest dip for a good buy - $30
- Forecasted highest rally on D leg of cypher for a good profit- $315
Litecoin looks like it wants to do 2 100% retracements which are either back to $105 or back to $31.
A) If price breaks up above the blue trendline and rallies strongly above the 23.60% Fib level we'll still be aiming for $315 but I will update my analysis.
B) If price doesn't break up above the blue trendline, we may be looking at hitting $31 on the C leg of the cypher before a rally up to $315 on the D leg.
.........Analysis completed using...........
1 - Support and Resistance
2 - Cypher harmonic pattern
3 - Trendline analysis
4 - Elliot Wave
........Along the way for traders..........
- Forecasted Elliot waves + fibonnaci levels
allowing for re-entry and take profits
Note: Most of crypto is driven by fundamentals which may throw this forecast upside down !
Comment:
My Previous Litecoin forecast.
Comment:
Price has broken up above the blue trendline but is struggling to break up above the 23.60% fib. Let's see if it crosses this Fib level
Comment:
Price hasn't managed to go above Fib 23.60%. It will now attempt to retest the blue trendline. If it goes back into the blue trendline, we'll enter a $30-100 price zone.
At this moment, I am doing nothing, and simply observing
At this moment, I am doing nothing, and simply observing
Comment:
My first buy arrow has been achieved. Price is now following my second arrow which is a sell. Lets see how this unfolds
Comment:
Price is going back to the support level of $106. I doubt it will hold this time around because it formed a lower high on the 23.8% fib level. looking to buy when it goes lower
Comment:
Price action at $98 now and the candles are looking brazenly bold red. Perhaps we'll get our buy opportunity sooner than expected
Comment:
Price action at $76 today. Keep going down so we can all buy low and moonshot!
Comment:
Price action at $51. We are getting closer to our stock up price!!
Comment:
$33 now. I re-entered at 32.40. If it goes down further, I’ll enter again.
Comment:
Litecoin playing into the chart beautifully