LTC.USD correction scenarios: LiteCoin Bull vs Bear zones
Litecoin is approaching a critical "decision zone".
It could go either way but some clues can be garnered.
The two immediate support zones are the battle lines.
LiteCoin is back in the lead as for indicating direction.
Overall it has a bullish stance but not yet overtly strong.
Next few dollars in either direction could set the tone.
This is an udpate to my Bigger Picture showing $58.66 as critical (click).
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See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page.
LTC to $150 call (near perfect plot)
BAT top call (still in play)
EOS top Call (near perfect plot)
BTC $14k call (Near Perfect target, easy trade)
ETH breakout (instant Profits, no drawdown)
BTC bottom 3.1k (caught the EXACT bottom)
ADA breakout (PERFECT targets, massive profits)
ZRX bottom call(200% gain, Perfect target)
ZRX breakout (massive Profits, short wait)
XLM breakout (massive Profits, instant Win)
RVN top call (Perfect Target, take profits)
LINK re-entry (caught the spike)
MATIC top Warning (caught the EXACT top)
MATIC rocket (massive Profits, breakout entry)
NEO Rocket Launch (great entry, massive profits)
FET top warning (EXACTLY on time)
DASH top warning (EXACTLY on time)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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It could go either way but some clues can be garnered.
The two immediate support zones are the battle lines.
LiteCoin is back in the lead as for indicating direction.
Overall it has a bullish stance but not yet overtly strong.
Next few dollars in either direction could set the tone.
This is an udpate to my Bigger Picture showing $58.66 as critical (click).
.
See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page.
LTC to $150 call (near perfect plot)
BAT top call (still in play)
EOS top Call (near perfect plot)
BTC $14k call (Near Perfect target, easy trade)
ETH breakout (instant Profits, no drawdown)
BTC bottom 3.1k (caught the EXACT bottom)
ADA breakout (PERFECT targets, massive profits)
ZRX bottom call(200% gain, Perfect target)
ZRX breakout (massive Profits, short wait)
XLM breakout (massive Profits, instant Win)
RVN top call (Perfect Target, take profits)
LINK re-entry (caught the spike)
MATIC top Warning (caught the EXACT top)
MATIC rocket (massive Profits, breakout entry)
NEO Rocket Launch (great entry, massive profits)
FET top warning (EXACTLY on time)
DASH top warning (EXACTLY on time)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Comment:
OK, Bear scenario it is, key support breached
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Comment:
Perfect Ping on the "likely to hit" zone
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Comment:
Decent bounce underway, from the "likely to hit" zone and smacked into the energy band above
Now the moment of truth soon, break and run or fail and drop.
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Comment:
Target hit and got a decent bounce
lets see if it hold. Quite a sell off today in all coins.
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Comment:
LTC definitely leading the market. Now it has pushed past one layer of the resistance above and looks poised to push through the second one
$61 still the key number for Bulls to surpass and establish as support.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Did not break so not qutie Bear yet,
But first support did not hold so not quite Bull either!
Will post any further clues as I see them.
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