Blorenz
Long

LTC/USD ~ July Forecast ~ Good For A Year End Rally?

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Hi Traders,

I still see LTC in good shape here, as the 23.6 fib warrants a good re-test after a solid pull back off the 38.2.

The $100 psychology level is also deserves to be tested for support, along with the weekly moving averages/ trend line .

I see this as another great opportunity to buy the dip!

- Buy range - $90 to $110

- Take Profit # 1 - $200

- Estimated trade duration: 6-9 months

Love how this chart is shaping up.

good luck, hit thumbs up!
Comment:

Market Cap - Technical Analysis
What will happen to Litecoin price before and after halving this coming Aug.?
Reply
i think if we are gonna correct now its more likely to go to 50-618fib near 80-70 dollar or less
Reply
Blorenz whiskey4
@whiskey4, maybe
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how is your 4 wave crossing top of 1 would invalidate your count unless leading diagonal pattern
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Blorenz whiskey4
@whiskey4, I just dragged it down so that people could see it.. $100 is the buy ;)
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Normaly im heavy behind every chart you post buddy but I think in this one you truly forget to put the halving into your thoughts. Last halving ltc dropped b4 heavily. Anyway when next YT video? :)
Reply
Blorenz MichaelWitalla
@MichaelWitalla,Hey man hope you are doing well!...you are right I have not factored that in, this is purely TA. but yeah... youtube suspended me for 3 months...and took down a bunch of my videos so i have not been able to upload any videos on my channel... the suspension is over in 2 weeks, so hopefully i can get back into it.

All the best!
Reply
Good job my friend.
Reply
Blorenz Bullandbeartrading
@Bullandbeartrading, thanks guy!
Reply
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