LTCUSD: Weekly uptrend in place

BTCE:LTCUSD   Litecoin / U.S. Dollar
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.
Trade active: Looks solid.
Comment: Still under resistance, BTC's outperforming LTC for now, but above 3, we have good odds of continued rallying.
Comment: No follow through for the uptrend yet. I'd reccomend backing out of it for the time being.
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)))
IvanLabrie KonstantinTatarinov
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
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 ...
IvanLabrie KonstantinTatarinov
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.
I don't see updates - where it is?
+1 Reply
I've found updates )))
Does "no follow through" mean this is invalidated?
IvanLabrie rivet.popper
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.
rivet.popper IvanLabrie
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.
rivet.popper rivet.popper
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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