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.
Hmm BTC-E charts from you? Quite surprised :P p.s. both LTCUSD & LTCBTC are pointing on a major move up at the moment.
IvanLabrie
⋅
BTC-E is the ltc proxy...and okcoin.cn now.
KonstantinTatarinov
⋅
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
⋅
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.
KonstantinTatarinov
⋅
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
⋅
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.