IvanLabrie
Long

LTCUSD: Weekly uptrend in place

BTCE:LTCUSD   Litecoin / Dollar
a year ago
Litecoin has a very interesting signal in the weekly chart.
After faking a move to the downside and margin calling everyone and their mother down, it's highly likely that we see a strong uptrend emerge from this zone.

You can see my reccomended entries on chart.
As many know, I'm running a trading group, sharing signals for Bitcoin and Litecoin traders, mostly focusing on the futures over at okcoin.com, but also covering Bitfinex, Bitstamp , BTC-E and okcoin.cn spot trades. (mostly long term)
I'm running the group with my associate, a great intraday trader from China. We cover the Bitcoin and Litecoin markets 24/7/365 and have great accuracy and performance in our signals, as well as live screen sharing of intraday trading sessions.

We've recently shared a monthly entry to go long BTCCNY             at 2310, which is paying off spectacularly so far.
Feel free to message if interested in the group, and remember to risk between 1 and 5% per trade.
This signal right here has great potential, so don't hesitate on taking it!

Good luck,
Ivan Labrie.
a year ago
Trade active: Looks solid.
a year ago
Comment: Still under resistance, BTC's outperforming LTC for now, but above 3, we have good odds of continued rallying.
a year ago
Comment: No follow through for the uptrend yet. I'd reccomend backing out of it for the time being.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
Hmm BTC-E charts from you? Quite surprised :P p.s. both LTCUSD & LTCBTC are pointing on a major move up at the moment.
+1 Reply
IvanLabrie PRO oleg.golubovich
a year ago
BTC-E is the ltc proxy...and okcoin.cn now.
+1 Reply
rivet.popper
a year ago
Many thanks. Still long and strong since the beginning, but it would be nice to catch some of these smaller moves in between at some point. Will need my capital back for that though, sometime in spring 2016 I guess...
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pyromus
a year ago
this is impossible
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IvanLabrie PRO pyromus
a year ago
Ok, that's a sound argument. ;)
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MrKalash
a year ago
Go short? That unpossible! Lolz....

Seriously though, Ivan, are entries 2 and 3 ones you have already taken, or are you expecting a dip to those levels before continuing up? Sorry, im dense sometimes.
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IvanLabrie PRO MrKalash
a year ago
Just good support to buy.
I'm in from a daily retracement.
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MrKalash IvanLabrie
a year ago
Understood. Thank you. My buy order filled at 3.261 last week. Nothing like finding the last seller.
+1 Reply
IvanLabrie PRO MrKalash
a year ago
Excellent now hold and wait patiently.
Well done.
+1 Reply
rivet.popper
a year ago
Is there any way you could do a monthly chart on this pair please? I'd like to know whether it's worth holding after 9.70 USD or not...
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IvanLabrie PRO rivet.popper
a year ago
Sure, I think it will stop around there but let me check.
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blackswan IvanLabrie
a year ago
that would be around 0.02 mark.. quite possible as supply has already been halved and bitcoin looks to be extremely bullish...
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IvanLabrie PRO blackswan
a year ago
Yes, it's not hard at all, just a time at mode target.
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rivet.popper IvanLabrie
a year ago
I really appreciate it!
+1 Reply
IvanLabrie PRO rivet.popper
a year ago
I'll add it here.
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IvanLabrie PRO IvanLabrie
a year ago
snapshot


Right above the 4 period MA of the range. It needs a little push and it'll shoot up.
+2 Reply
rivet.popper IvanLabrie
a year ago
Super. Many thanks for this. Hoping to spend some of my proceeds by subscribing to you someday.
+1 Reply
IvanLabrie PRO rivet.popper
a year ago
Sure, whenever you want hit me up.

We have to wait a bit but it's a promising uptrend as long as above support.
+1 Reply
rivet.popper IvanLabrie
a year ago
BTW you have the ETA date for 9.70 USD at around February 22, but this new chart shows arrival at 10.24 USD by around May or June. Are these target dates accurate?

And by extension, if things are continously going up as time continues, shouldn't I just hold my long even more? Are there higher prices on the horizon?
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IvanLabrie PRO rivet.popper
a year ago
It can reach 63.33-94cny.
In time.
Targets are large in time, it will take a while, I didn't give a time target in the monthly, only price.
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rivet.popper IvanLabrie
a year ago
Ok, then maybe the targets will change as things progress, giving me reason to hold on. Thanks.
+1 Reply
IvanLabrie PRO rivet.popper
a year ago
There's an active uptrend in the weekly in BTC-E and soon a new higher target signal will confirm as well.
We can hold ltc spot longs safely. I have 10% of capital, risking it goes to 0.
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rivet.popper IvanLabrie
a year ago
That is great news. I realize I'm in too deep. Next time I'll trade with less capital, assuming I trade with you next year. If I can get out ahead here I really appreciate your help.
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IvanLabrie PRO rivet.popper
a year ago
You can always buy and hold and trade to increase capital.
In a long term uptrend, it's what I do.
I prefer BTC over LTC in general, but now we have a big uptrend in the making here.
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rivet.popper IvanLabrie
a year ago
Looking forward to learning your methods then. At this point I'll be happy just to sleep at night. :-) If all goes well I will look to get back into BTC once the ratio gets better.
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IvanLabrie PRO rivet.popper
a year ago
Let's wait a while, there's good odds that the uptrend works well.
Cheers.
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blackswan rivet.popper
a year ago
just make sure not to sell off too early... i'm accumulating ltc, xmr and xrp for now.. there is a chance ether is going to bottom and then shoot up.
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IvanLabrie PRO blackswan
a year ago
Yes, Ether I was thinking that but don't have sufficient liquidity to judge it 100% accurately.

LTC, I'm holding for now.
+1 Reply
blackswan IvanLabrie
a year ago
ltc should slowly start climbing or stay in 0.008x levels before rallying. i think recent 0.0077 levels were great opportunity to accumulate..
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IvanLabrie PRO blackswan
a year ago
It's acting like lack of interest or liquidity. (Like most alts)
I'd have to conjure an LTCBTC update.
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rivet.popper
a year ago
Does "no follow through" mean this is invalidated?
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IvanLabrie PRO rivet.popper
a year ago
The uptrend, yes, for now it's lower probability, but remains in the realm of the possible.
It's not something to bank on for sure.
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rivet.popper IvanLabrie
a year ago
Is this reasoning based on TAM or just because we tanked yesterday along with BTC?

And btw, by not nearly as much (on btc-e and Finex). I would say this shows strength, as we were down 4% to BTC's 8%. There are fundamental reasons LTC may be decoupling from big brother BTC, not least of them being the clogged block issue in BTC. A switchover from one to the other may be about to happen.
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rivet.popper rivet.popper
a year ago
Here is some info on how this may play out in January: http://forums.prohashing.com/viewtopic.php?f=11&t=685
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IvanLabrie PRO rivet.popper
a year ago
I don't know, my reccomendation is to not deposit 'hope' in any asset of any kind.
Only logical decision making.
For this you need an analytical framework, which is objective and repeatable, and thus capable of producing an expected result, which is trackable to determine if said framework remains valid.

This in other words, is what a sound technical analysis system does for you, and also, the answer to your first question: Yes, my reasoning comes from technical analysis. I have no way to verify or test empyrically, the results of other types of analysis that don't come from a derivation of price and time as recorded by exchanges' activity.

If you own LTC, you're depositing hope in it, owning a stake of something has to be practical and safe, not something we're stuck with, and finding reasons for it to go up and take us out of our misery. So, if you entered here and are in loss, I'd reccomend getting out, since it's unlikely to see it move up, at least for now, there's little to no reason to suspect that on a technical basis.

One thing you can do, if holding coins longterm, is to keep a % of your total capital in it, and rebalance with fixed % move swings. Example:
I think LTC can hit $20 in a year. Meanwhile, I decided to set aside 10% for this 'bet'.
I go and buy LTC to keep 10% of my total capital in it.
If LTC falls by 15%, I will buy enough to have 10% of my usd worth, IN litecoin.
If it goes back up by 15% I can sell this excedent, producing profits and going back to 10% allocation of funds.
Rinse and repeat. You then have to decide on a limit, for how many consecutive 15% (or whatever % you want) drops to add to the position though.
+1 Reply
IvanLabrie PRO IvanLabrie
a year ago
(As a sidenote, this isn't too practical with these instruments, and more suitable to instruments that prouce yields of some kind like bonds, or stocks that pay dividends, which over time, coupled with the price increases, will produce large profits)
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Hi! Merry Christmas for all!
I've watch this post - and first thing in my mind - "Till 9?? LTC? "
I think that it is too hopefully waiting for 9 when whole trend is down to 1)))
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IvanLabrie PRO KonstantinTatarinov
a year ago
It's not hopeful...I don't care if it rallies.
Look at my previous posts, I have forecasted it with precision many times.
This forecast failed if you see the updates I posted.
+1 Reply
KonstantinTatarinov IvanLabrie
11 months ago
Sorry, if my words are looks offendive. But it still seems that 1.6 is point to look more prettiful. I hope (& I bielieve you to go long ) but may be not now ...
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IvanLabrie PRO KonstantinTatarinov
11 months ago
I don't mind, I've said this: "This forecast failed if you see the updates I posted."
So, this chart isn't valid anymore.
LTC is too illiquid to asess anything right now.
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KonstantinTatarinov IvanLabrie
11 months ago
I don't see updates - where it is?
+1 Reply
KonstantinTatarinov IvanLabrie
11 months ago
I've found updates )))
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