LastBattle

Potential second breakout for Litecoin..

BTCE:LTCUSD   Litecoin / Dollar
We had a potential breakout for Litecoin previously, with a retracement of less than 20%. We should have another rally above $7.4 but was failed due to the declining BTC price causing a sell pressure on LTC             .
As of now needs to overcome this falling channel before it can breakout above $7 to $7.1 again.

* StochRSI is swinging to the bullish side.
* Relative Momentum Index is picking up
* RSI is bullish

Good chance that we 'might' see it within the next few hours since we are pretty close to the $6.805 support* unless that breaks too.
HerSerenity
2 years ago
China just bounced off the upper resistance line you drew, they never fell below it. Also the .786 of the last correction.
Didn't expect this but it's a possibility to consider. The 6h has a perfectly fine reversal pattern as of now, and the last bump showed some bullish divergences on the large scale.
Shorts are closed anyway (time of day), kinda excited where this goes now :p
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LastBattle HerSerenity
2 years ago
Yeah.. I've been waiting for it to bounce below which unfortunately didn't happen.
As of now, I've accumulated 8k LTC from BTCChina over the last 2 hours. Can't wait for the bots to pump it now.
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LastBattle
2 years ago
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Trading sideways for now, just slightly above the support.
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LastBattle
2 years ago
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Rocking and bounced off the support... if that holds up well, and it'll be pump time :)
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LastBattle
2 years ago
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Still holding...
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HerSerenity LastBattle
2 years ago
If 3 double bottoms don't help the fourth won't do the job either :P especially with BTC dropping and the LTCBTC cycle still having 2 days to go (down?).
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LastBattle HerSerenity
2 years ago
Yeah... LTC is strongly tied to BTC.
If it goes below 6.7 I will probably do a stop loss already...
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LastBattle HerSerenity
2 years ago
Lol crap, this panic is happening way too sudden without any negative. I can hardly sell 8k LTC in BTCChina with this orderbook without dumping it below 30 CNY.

I'm holding back from selling now... panic buy in a few hours.
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HerSerenity LastBattle
2 years ago
Right now last resort at 41.20: cycle lines for LTC and BTC positive, 2 outer Schiffs reached, bottom of downtrend channel.. only a madman would stop here :D
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LastBattle HerSerenity
2 years ago
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Nice, we bounced off the bottom support.
I'll keep looking out for this one :)
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HerSerenity LastBattle
2 years ago
I'd say nightly correction rally to 42.50 eating through thik asks, getting stopped by morning dump. Analysis right out of my gut
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LastBattle HerSerenity
2 years ago
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Well yeah, BTC ruined this again... anyway, managed to sell 30% at 42.2+
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HerSerenity LastBattle
2 years ago
Sheesh, why BTCC if I may ask? Was able to short another 5k into 41.50 after next impulse wave got confirmed by BTC
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LastBattle HerSerenity
2 years ago
I'll be switching away soon, the orderbook is relatively thin although Bobbly Lee is legit.
I can only transfer out 400 LTCs/10 BTC daily at the moment since I can't remember the secret question I set on registration.

Perhaps moving over to Huobi, Okcoin's volume make me worry about the exchange's legitimately if they are real.
+1 Reply
LastBattle LastBattle
2 years ago
legitimacy *
+1 Reply
LastBattle HerSerenity
2 years ago
Lots of grammatical mistake in my reply lol >.<, I was in a rush to dump the remaining while waiting for the next support level.

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Seems to be $6.2 now.
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HerSerenity LastBattle
2 years ago
I do not think highly of you anymore now

July correction 2.0 pitchfan and last fibo circle. Took profits, if this one breaks it's 31 for good
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HerSerenity HerSerenity
2 years ago
Ultra-messy charts ftw
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LastBattle HerSerenity
2 years ago
Bad trading day for me I guess.
Was in the middle of the sleep while I got awakened by my alarms only to see a big dump.

BRB, I go get a coffee now before I make more impulse move on panic sell..
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HerSerenity LastBattle
2 years ago
Been there done that, now I don't dare to go pee without stop. Though I'm not sure how this is still related to a potential second breakout... no, noo.. nopE!
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ShadoWWarrioR HerSerenity
2 years ago
You guys using bollinger bands and keltner channel in TA?
Working pretty good, was afraid of that 41.20 :(

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HerSerenity ShadoWWarrioR
2 years ago
My main tools are cycles and fibos, 1m SAR/MACD for timing in impulses. Especially cycles are basically the uber-indicator for LTC:
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LastBattle
2 years ago
Closed a few short position on BTCe.... gathering some at 6.2 - 6.35 for the dead cat bounce back.
Reduced my losses at BTCChina by 30% now...

now, fingers crossed and wait *** :)
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LastBattle LastBattle
2 years ago
LOL... totally got out of LTC now via stop loss.
Its going to 5ish..
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HerSerenity LastBattle
2 years ago
It's already been there, got some coins for 32.xx (gotta check again what average was). Probably gonna be despair-sold down to 31 then up.. hopefully huh.
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HerSerenity HerSerenity
2 years ago
835.135 LTC at 33.1552, call me wolf of okcoin!
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