LTC: My Reasoning Behind Accumulating Litecoin NOW

WyckoffMode Premium Updated   
KRAKEN:LTCUSD   Litecoin / U.S. Dollar
Hi Everyone! I show in this video how Litecoin Saw a Sign of Weakness in Phase E well before any other MARJOR Top Market Cap coins. It looks like we have been in ACCUMULATION for quite a while with Litecoin. ALSO, The indicators in the Mid Term Group of time frames look more bullish compared to Bitcoin , Cardano and Ethereum ; which are in just now going into Phase E Distribution with a Sign of Weakness - OR - about to go into Phase E Sign of Weakness (ETH).

LTCUSD has a LOT OF SUPPORT at $40 to $45 price range. If we do see a drop down in LTCUSD , it has a high probability of being a Wyckoff Spring (finding support between $40 and $45) RATHER THAN ANOTHER Sign of Weakness in Phase falling substantially below $40.

This is my reasoning behind Litecoin being one of my top coins for ACCUMULATING at this present time. Please consider beginning to take as many coins off exchange NOW... I have my reasons behind doing this NOW... Please consider not having more than 5 percent of your equity on an exchange; with a broker or even in your bank for a while. The world is about to get rather bad soon politically, geopolitically, financially, economically and socially.

Hope this was helpful...

If you don't mind, take a moment to SMASH the like (boost) icon.

Happy Trading and Stay Awesome!

Comment: UPDATE:

I MIS-SPOKE in regard to saying, "You can have multiple Signs of Weakness in Phase D." I MEANT to say, "You Can have multiple Up-Thrust/Last Point of Supply events in Phase D."

The ONLY Phase of Distribution in which you can have multiple "Sign of Weakness" events is in Phase E of Distribution. Just as the only phase in which you can have multiple "Sign of Strength" events in Accumulation would be Phase E of Accumulation.

BELOW: Example of MULTIPLE "Up-Thrust/Last Point of Supply" events in Phase D from January, 2018 to August, 2018 for BTCUSD:

Comment: UPDATE:

Cleaned Up the Recent Chart - with minor adjustments to help make events and phases a little easier to see and potentially understand; in regard to the previous chart posted to point out MULTIPLE Up-Thrust/Last Point of Supply events in Phase D:
Comment: UPDATE:

Added a few more text bubbles to the 2018 Distribution Schematic to provide more "clarity" of events in Distribution:
Comment: UPDATE:

2014 Distribution Period for Bitcoin shows MULTIPLE Sign of Weakness events in Phase E of Distribution:

Comment: UPDATE:

Educational Clarification on Events in Distribution
Comment: UPDATE:

I will "briefly" cover this Wyckoff Method 2.0 chart for LTCUSD soon in a video publication - OR - a LIVE Stream event.

Comment: UPDATE:

Copied the Blue Text Bubble then pasted the Blue Test Bubble in PRESENT DAY Distribution to reiterate the following:

We MUST "close" substantially BELOW
the Preliminary Supply RANGE before
we can CONFIRM a "Sign of Weakness."

wyckoffmode.com - Wyckoff Method 2.0

wyckoffmode.com - Scalping

wyckoffmode.com - Swing Trading

wyckoffmode.com - Money Management

wyckoffmode.com - Risk Management

wyckoffmode.com - Understanding Phoenix Ascending & Bad Ass B-Bands

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.