LTC To $410 for the next months and currencies outlook
I see LTC finished consolidation and going to make a new ATH at $410 around early April. All based on TA and my personal experience in trading.
I personally have strong believe in the coin technology and block chain technology with Litepay coming I also see mass adoption.
What will be the future of crypt o currencies, because I am bullish on this market base on my TA the regulator of course has their role in keeping their state safe.
With the government I see three types of government from what I observed.
For sure one we have Japan and S. Korea for instance which truly embrace the technology and mingling and adjusting the law to make the technology work. Or even Venezuela is having its national ICO backed by Oil.
Another one like China (like it or not its there right) who like total control of its financial and other governing policies, you see them banning it. It does not mean crytocurrencies are bad. China banned Facebook and Google to my knowledge, but they have their own centralized version of the messaging app and social media apps in form of WECHAT and Baidu to name a few. Who knows they will come up with their own ICO if needed.
Another type is still lagging or still want to buy sometime into the matter.
Elsewhere around I start seeing public company listed in the local stock exchanged govern by the local Securities body issuing ICO and tokens with assets behind their back.
Lets see how it rolls out.
I did this for my medium long-term investment purpose and want to keep a record and share my view for open discussion. I have no intention in advising anybody into buy or sell.
I personally have strong believe in the coin technology and block chain technology with Litepay coming I also see mass adoption.
What will be the future of crypt o currencies, because I am bullish on this market base on my TA the regulator of course has their role in keeping their state safe.
With the government I see three types of government from what I observed.
For sure one we have Japan and S. Korea for instance which truly embrace the technology and mingling and adjusting the law to make the technology work. Or even Venezuela is having its national ICO backed by Oil.
Another one like China (like it or not its there right) who like total control of its financial and other governing policies, you see them banning it. It does not mean crytocurrencies are bad. China banned Facebook and Google to my knowledge, but they have their own centralized version of the messaging app and social media apps in form of WECHAT and Baidu to name a few. Who knows they will come up with their own ICO if needed.
Another type is still lagging or still want to buy sometime into the matter.
Elsewhere around I start seeing public company listed in the local stock exchanged govern by the local Securities body issuing ICO and tokens with assets behind their back.
Lets see how it rolls out.
I did this for my medium long-term investment purpose and want to keep a record and share my view for open discussion. I have no intention in advising anybody into buy or sell.
Trade active:
Trade active:
on our way up, if we dont have the new low beyond the 180 we can see it play out as impulse ERW to 250-270 area again, this trade is close if new low beyond 180 occurs. We have to watch the consolodiation wave now.
Trade active:
I think in general alot depends on how BTC now is testing its resistance, if we see BTC break down below 9000, we might see the market goes down with it
Comment:
WATCH OUT! so for what i see now Bear flag pattern which have a possible target of 138.2 which is also 786 fibo of recent bullish swing.
Comment:
Comment:
however it will be deep second wave, however we can go ABC X ABC too we have to see how this roll out, even it retrace to 138 i still see LTC going to our Target of 410 in a medium term
Comment:
Comment:
look further and stay calm!
I see short term support at 205
I see short term support at 205
Trade active:
keep close eyes on 205, so you can manage your position properly, if it doesnt stand we can go back to 169
Comment:
strong support at 161
Trade active:
Comment:
watch for break out of a minor trend
breaks up we follow long to 234-250 ,
breaks down we have several minor support around 200, which can retest 181 and make a double bottom
, breaking 181 we can see 150s area where it can complete its bearish flag structure.
i am not trying to be right and doing this out of just for reference purpose and follow my trading plans and money and position management. Lets stay nimble and watch for break out or any potential reversal if it does to the supports or resistances.
breaks up we follow long to 234-250 ,
breaks down we have several minor support around 200, which can retest 181 and make a double bottom
, breaking 181 we can see 150s area where it can complete its bearish flag structure.
i am not trying to be right and doing this out of just for reference purpose and follow my trading plans and money and position management. Lets stay nimble and watch for break out or any potential reversal if it does to the supports or resistances.
Trade active:
as expected wave 2 rebounded off the support around 159, it now on the rebound leg, for the confirmation of third leg upwards the price need to pass 216, if not we can see another leg down to next support levels at 141, and 107
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