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 .
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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.
(near perfect plot) (still in play) (near perfect plot) (Near Perfect target, easy trade) (instant Profits, no drawdown) (caught the EXACT bottom) (PERFECT targets, massive profits) (200% gain, Perfect target) (massive Profits, short wait) (massive Profits, instant Win) (Perfect Target, take profits) (caught the spike) (caught the EXACT top) (massive Profits, breakout entry) (great entry, massive profits) (EXACTLY on time) (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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LOL, right after I posted this, we got a Ping off the lower support What a tough call now! 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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OK, Bear scenario it is, key support breached
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Perfect Ping on the "likely to hit" zone
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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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Target hit and got a decent bounce lets see if it hold. Quite a sell off today in all coins.
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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.