Litecoin is repeating a much larger version of the run back in its earlier days as I show in the charts. This next move up in Litecoin is going to shock the entire cryptosphere. This is just looking at the chart and if the move repeats on a larger scale then Litecoin will probably be in $10000 dollar range. This might sound absolutely insane I know, it sounds crazy to me to but thats what the chart is telling me. Im not going to get into the reasons why fundamentally this is likely, if you want to go back into my other LTC posts I get into detail.
Dont listen to the haters, they will be the ones to give us our blow off top while we dump on their chin.
Dont listen to the haters, they will be the ones to give us our blow off top while we dump on their chin.
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Litecoin is in the Envelope on the 2 week, I think Litecoin is about to to go straight up
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BBWP which measures volatility is at its lowest read ever. As you can see what happens when the BBWP is at extreme lows when the move starts. This move will likely even outdo the move in 2017 by the looks of it.
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The ascending triangle measured move would bring it to a minimum of $6500-7000, there will be lots of profit taking there. I dont think it stops there though, after a correction I think Litecoin keeps going way past the minimum measured move.
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Dogecoin after years of consolidation on the BTC ratio it finally broke out for a 60x from where it was. If Litecoin was to do that same amount then the 1 Litecoin would be worth roughly 0.08 BTC.
Now if BTC is at 100k then that would mean LTC would be at 8k.
Now if BTC is at 100k then that would mean LTC would be at 8k.
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RSI on the LTC/BTC ratio just entered oversold on the 2 week, also is way out of range of the envelope. It will spike back to the envelope. This is the final low for LTC/BTC. Also on the 1 week RSI for LTC/BTC the RSI has come out of the oversold and has found support. Everything is pointing to straight up.
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Line break on the 4 week has printed a green wick breaking the high from August 2023. Line break is a great trend change indicator.
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The 3 week looks even better
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SHORT TERM: Inverse head and shoulders on the 2 days. If we can break and close above 71.60 the measured move gives us a straight up ride to around 82 dollars.
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This is a comparison to Litecoin Price against unique addresses and wallets holding more than 1000 litecoin. The orange line is wallets holding more than 1000 litecoin the line chart on the bottom is the unique addresses. You can see what happens when addresses go up. Litecoin remind me of a champagne bottle top. You can push the champagne cork and watch it slowly come up until it hits a point where the friction cant hold back the pressure and it explodes.
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This chart here is comparing Litecoin to Non Zero addresses. I point out where we are in the cycle. If you sell now you're litereally selling right before the parabolic move. Not financial advice, always do what is best for you.
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Litecoin MVRV printed long signal, here we go!
GOOGLE DEFINITION: MVRV (Market Value to Realized Value) ratio shows the average profit/loss of all the coins currently in circulation according to the current price.
GOOGLE DEFINITION: MVRV (Market Value to Realized Value) ratio shows the average profit/loss of all the coins currently in circulation according to the current price.
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This is an interesting chart here. What I did was I divided LTC/USD by BTC SHORTS and all through history Litecoin followed the path. Sometimes the White line which is the chart of LTCUSD/BTCSHORTS, precedes Litecoin movements. This time it didnt follow yet. Interesting to see if this is a unique type of bullish divergence.
The yellow line is the LTCUSD chart overlayed
The yellow line is the LTCUSD chart overlayed
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W pattern on the 4 hour. Looks like a measured move to 74-75 we just need to get above 71 and the W will play out 90%
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The consolidation is tighter than a nuns ass this thing is about to blast. The W pattern is turning into a cup and handle.
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This is a response to a comment below, it was pretty in depth and I wanted people to see it.
@mwilson87, Come on lets be real, Litecoin had a giant and long consolidation. It was necessary after going straight up for a 100x right before the breakout and a 300x from the low in 2017. This was all a long consolidation for the giant move we had in 2017. These things take time and now we are at the end of that multiyear consolidation as are many other 2017 OG runners. Its playing out just like it should be.
I noticed that there are so many people who literally bought the at the end of 2017, THE TOP after LTC did a 100x. They held all the way down and then the next run in 2021 those same holders were hoping for Litecoin to go to $1000 or higher, which would have been a 2 or 3x from their original buy in, so most didn't sell waiting for that. Well Litecoin was still in a corrective/consolidation sequence and it went down and those holders held all the way to the bottom we are in now again. They are mad and you can feel it and see it all over the internet. The anger on Litecoin couldn't be stronger than right now, like never before. They are capitulating, and by your words and the way you talk about Litecoin shows you have some sort of personal internalized discontentment with Litecoin and are more than likely one of those people that I am talking about.
This is not financial advice but this is the time to be piling into Litecoin. Litecoin is going to go straight up again, its going to pull a Dogecoin type of move and with that move it'll put it right under Ethereum and possibly flip Ethereum at the next top. Litecoin fundamentals have never been stronger. Its not moving right now because the impatient who have been holding for years are watching shltcoins go up and others getting rich so they are dumping Litecoin at the bottom to chase another top. Its all a cycle of human emotion. Then when Litecoin starts moving 30% a day, they dump the other coin for a loss regretting their decision, and get back into Litecoin at the top again chasing the run. These types of people will always be the ones adding liquidity to the market for the smart investors and traders taking advantage of their impatience and ignorance to how markets work. Im not calling anyone stupid, Im just merely pointing out how this whole thing works. For those able to see, its like clockwork.
While the impatient ones are dumping their Litecoin by the thousands, the smart are buying it all up. You can see that with the inflows and outflows, and the top whale wallets that have been accumulating for 4 years. Litecoin will be #2, right under Bitcoin in my opinion. Good luck.
@mwilson87, Come on lets be real, Litecoin had a giant and long consolidation. It was necessary after going straight up for a 100x right before the breakout and a 300x from the low in 2017. This was all a long consolidation for the giant move we had in 2017. These things take time and now we are at the end of that multiyear consolidation as are many other 2017 OG runners. Its playing out just like it should be.
I noticed that there are so many people who literally bought the at the end of 2017, THE TOP after LTC did a 100x. They held all the way down and then the next run in 2021 those same holders were hoping for Litecoin to go to $1000 or higher, which would have been a 2 or 3x from their original buy in, so most didn't sell waiting for that. Well Litecoin was still in a corrective/consolidation sequence and it went down and those holders held all the way to the bottom we are in now again. They are mad and you can feel it and see it all over the internet. The anger on Litecoin couldn't be stronger than right now, like never before. They are capitulating, and by your words and the way you talk about Litecoin shows you have some sort of personal internalized discontentment with Litecoin and are more than likely one of those people that I am talking about.
This is not financial advice but this is the time to be piling into Litecoin. Litecoin is going to go straight up again, its going to pull a Dogecoin type of move and with that move it'll put it right under Ethereum and possibly flip Ethereum at the next top. Litecoin fundamentals have never been stronger. Its not moving right now because the impatient who have been holding for years are watching shltcoins go up and others getting rich so they are dumping Litecoin at the bottom to chase another top. Its all a cycle of human emotion. Then when Litecoin starts moving 30% a day, they dump the other coin for a loss regretting their decision, and get back into Litecoin at the top again chasing the run. These types of people will always be the ones adding liquidity to the market for the smart investors and traders taking advantage of their impatience and ignorance to how markets work. Im not calling anyone stupid, Im just merely pointing out how this whole thing works. For those able to see, its like clockwork.
While the impatient ones are dumping their Litecoin by the thousands, the smart are buying it all up. You can see that with the inflows and outflows, and the top whale wallets that have been accumulating for 4 years. Litecoin will be #2, right under Bitcoin in my opinion. Good luck.
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Litecoin BBWP has just started to curl up after a double bottom off the lowest possibly read. This move is going to be so explosive, I just dont know what else to say to convince anyone.
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We need to get over $71 and close above that trendline.
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Broke above come on lets hold it. Measured move is playing out.
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Short term 5 minute candles consolidating into a bull flag, measured move of bull flag is same as the previous W measured move. Funny how this works huh :) PATTERNS!
Volume is confirming this is a good sized move.
Volume is confirming this is a good sized move.
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First measured move hit.
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JUST DID ANOTHER ANALYSIS ON LITECOIN. ITS FUNNY HOW ALMOST TO THE DAY 7 YEARS AGO LITECOIN STARTED ITS PREVIOUS CYCLE RALLY.
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BULL FLAG ON THE RSI DAILY. I CAN SEE FAIRLY QUICK MOVE TO $170 IN A COUPLE WEEKS. ONCE LTC BREAKS 80 THE MOVE TO 170 WILL COME QUICK.
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ONCE LITECOIN BREAKS THE DOWNTREND IT DOESNT LOOK BACK. IT GOES PARABOLIC NO PULBACK. HOLD ONTO YOUR HATS BOYS.
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JUST DID THIS CHART OVER ON LTC BTC. I THOUGH THE BOTTOM WAS IN AROUND 14 BUT THIS WAS THE CAPITULATION.
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Litecoin is going straight up from here. The MVRV is about to print a long signal. After that signal its all over and Litecoin will go straight up. Dont sell too early. This thing is going to $5000 dollars minimum I dont care what anyone says.
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Litecoin is going to go to $160 FAST then correct down to about $110 and then straight back up to break all time high. Once all time high breaks the measured move of this 7 year ascending triangle is somewhere near 10k! If you think I am crazy feel free to comment below so we can revisit your comment in the future and have a discussion. Not finanical advice just my opinion.
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BULL FLAG BREAK, MEASURED MOVE IS 100. IF I WERE TO TAKE PROFITS I WOULD PUT MY SELL ORDER AROUND 96. 100 IS A PSYCOLOGICAL RESISTANCE AND THERE WILL BE SELLING AND A SMALL PULL BACK BEFORE RESUMING THE UPTREND.
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5 minute chart. Might come down and retest the trendline again at 81.28. If 81.28 breaks look out for 81. If 81 breaks we may drop to 78 consolidate for the rest of the day.
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5 MINUTE SHORT TERM. IT LOOKS LIKE IT CAME DOWN TO THE LOWEST TRENDLINE AND CLOSED A HIGHER LOW. THIS IS BULLISH IN MY OPINION. IF LITECOIN GETS BACK ABOVE 83 ITS AT LEAST GOING BACK TO 85 THEN A BREAK WOULD CONFIRM THE BULL FLAG BREAKOUT. IT HAD A FAKE BREAKOUT SO THATS WHY IT WAS INVALIDATED ON THE FIRST RUN THIS IS ONE MORE TRY. IF THIS ONE FAILS THEN WE TANK BACK DOWN TO 70S AGAIN. I THINK WE BREAK TO UPSIDE.
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Bull Flag on the hourly has formed. Litecoin seems to be getting comfortable here.
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Good Ole Litecoin never fails to rinse out the overleveraged longs and shorts on the way up. What a fake out and now back in the bullflag
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CLIF HIGH ALTA REPORT SNIPIT
Other language of interest has 'litecoin' becoming 'emblematic' of both the 'cryptocurrencies (alt coins)'
space as well as a symbol for 'new rich' and the rise of the 'crypto-millionaires' as a discernible class
within our society. These sets have forecasts for a number of new videos that will be focused on
'litecoin' and its role as a 'vehicle' to 'riches' over a very short time. According to the data, we should be
able to expect to see the appearance of several 'stars' in the video spaces as both 'tell-all (how I made
my money)' and 'musical celebrations (of litecoin)' videos are presented
Other language of interest has 'litecoin' becoming 'emblematic' of both the 'cryptocurrencies (alt coins)'
space as well as a symbol for 'new rich' and the rise of the 'crypto-millionaires' as a discernible class
within our society. These sets have forecasts for a number of new videos that will be focused on
'litecoin' and its role as a 'vehicle' to 'riches' over a very short time. According to the data, we should be
able to expect to see the appearance of several 'stars' in the video spaces as both 'tell-all (how I made
my money)' and 'musical celebrations (of litecoin)' videos are presented
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Im not sure but we may have a local top and a swipe down back into the envelope. When price is that far out of the envelope on the daily it makes me nervous. It ALWAYS comes back into the envelope after staying out of it for this long. I am playing it cautious and staying in cash currently. If we double top here and correct it shouldnt last very long. I dont know though. The market is super unpredictable at the moment.
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Just to clarify when I say Im in cash, its just my trading account. My trading account is 10% nad 90% is my investment hodl account. I trade all the way up and accumulate more Litecoin all the way to the top. I trade the daily or higher I dont jump in and out multiple times a day and I dont use leverage. Only spot.
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Bearish divergence and a massive rising wedge. Litecoin looks like its going to drop some and then resume its run. Its going to be like alligator teeth all the way up.
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Still in the wedge. There will be a sharp correction and then straight up again. Paupers and millionaires will be created overnight on these moves. We are in a full on bull market though so anything can happen.
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Double top within a double top.
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Just printed a lower low after a lower high. I think Litecoin is about to take a small sift breather.
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This is what I think will happen in the short term before a sharp reversal to the upside. Litecoin has been in a consolidation for 7 years. There is alot of emotion around litecoin. This run is going to be swift so any pullbacks will be very short lived.
If this rising wedge breaks to the upside and is invalidated then a straight shot to 115 if very possible. Could be a pullback there or keep going we will revisit that if we do hit that.
If this rising wedge breaks to the upside and is invalidated then a straight shot to 115 if very possible. Could be a pullback there or keep going we will revisit that if we do hit that.
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Head and shoulders on the MACD, some people say that indicators and patterns dont work but I beg to differ. I think indicators show the hidden bearishness with patterns that you cant see on the chart. The bearish divergences are piling on. Ive never seen this many strong bearish divergences across so many indicators without a pullback imminent. They always pullback, if this doesnt happen and Litecoin keep blasting through then there is serious accumulation going on. Also keep an eye on Doge. When doge pulls back usually Litecoin isnt far behind.
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Just tapped the 618 and got rejected unlike other times when we blasted through so momentum is slowing down a bit.
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DOESNT LOOK SO CRAZY NOW DOES IT?
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OVERLAYED WITH BITCOIN. OH MY GOD THIS IS GOING TO BE EPIC. BE PREPARED FOR WILD SWINGS. LIKE 50% - 60% UP AND DOWN ONCE THIS THING GETS MOVING.
THIS IS YOUR CAPTAIN. PLEASE KEEP YOUR HANDS IN THE VEHICLE AT ALL TIMES. THERE IS AN OXYGEN MASK THAT DROPS DOWN IF WE DESCEND RAPIDLY. OTHER THAN THAT ENJOY THE FLIGHT TO THE SATURN!
THIS IS YOUR CAPTAIN. PLEASE KEEP YOUR HANDS IN THE VEHICLE AT ALL TIMES. THERE IS AN OXYGEN MASK THAT DROPS DOWN IF WE DESCEND RAPIDLY. OTHER THAN THAT ENJOY THE FLIGHT TO THE SATURN!
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Dont forget, without Litecoin Doge wouldnt exist. or would be on the bottom of CMC. These two appear to be playing leap frog.
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This is not the time to be fomoing in in my opinion, not financial advice. We just entered the golden pocket on the way up so there is usually a correction here. We are also almost at the tip of the rising wedge. This could be the top for now. A pull back perhaps over the next week or so while Bitcoin resumes its parabolic rally. Then when Bitcoin stalls around 75 for a week the Alts should resume.
Invalidation is if Litecoin breaks through to the uspside on the rising wedge. If that is the case then Litecoin is being accumulated heavily and a correction may not come till 160.
Invalidation is if Litecoin breaks through to the uspside on the rising wedge. If that is the case then Litecoin is being accumulated heavily and a correction may not come till 160.
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On the 3 minutes
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RSI just rolled over on the 2 day and the 1 day.
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This is a similar fractal pattern from 2019 so these things do break to the upside too so be prepared for that. The correction if that does happen would be the top of the wedge at probably 100.
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Litecoin might be gearing up for another rip blow off. The whole market looks like its going to rally again today and maybe tomorrow. Tomorrow I think Bitcoin starts to steal the show again as traditional markets open up. Bitcoin could rally to 75k next week. If ALTs follow bitcoin all the way up then the way we traditionally thought of crypto runs is out the window. There may be no more moving from Bitcoin to ALTs and back etc, it might just be the whole world is buying crypto at a staggering rate. Oh and Japan has 22 Bitcoin ETFs launching and now Morgan Stanly is getting in. They are twice the size of Fidelity which is number two ETF right now. I dont think people can fathom how much money is going to enter this market this time. I expect a total market cap of 200 trillion by 2025 and then 500 trillion for the next wave of this massive multi year straight up bull run.
For Litecoin keep an eye on the top of the wedge at 100 dollars. We may break through that to 110 and then drop significantly down to mid to low 70s then straight back up. If Litecoin keeps going then dont expect a pullback until maybe 150 at that point we will re evaluate.
For Litecoin keep an eye on the top of the wedge at 100 dollars. We may break through that to 110 and then drop significantly down to mid to low 70s then straight back up. If Litecoin keeps going then dont expect a pullback until maybe 150 at that point we will re evaluate.
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DOUBLE TOP I think we're coming down.
A break below 89.66 and we're going down.
A break below 89.66 and we're going down.
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If Litecoin get rejected at this trendline around 91.80 then a further move down is expected. If it breaks the trendline and gets above 92.50 and close above there on at least a 30 minute then Litecoin is going to hit 97-100 at minimum I believe.
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DOGE just broke the high but did not break into the rising wedge and double topped This could be the local top. Litecoin may do the same thingI think this is the last push till tomorrow. Bitcoin is already about to break the high so expect alts to drop as Bitcoin goes bonkers for a few days. This is not the end of the rally this is just the beginning. Big swings, paupers and millionaires all in one day can happen here.
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If we break out and keep going for another run forget any sort of meaningful pull back and you will never see these prices again. Ever
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LTC/BTC inverse head and shoulders bottom. Litecoin is going to really outperform Bitcoin. Litecoin may not have a big pullback if these charts both run together. So lets say Bitocin goes up 10% Litecoin might go up 15-20%. Im not sure now whether we will see a big pullback but lets see how tomorrow goes with traditional markets.
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So today there is a few things going on here. I see that the MVRV has printed short signal and a local top while at the same time there is an Adam and Eve pattern. Also MACD for this entire move has printed lower highs and lower lows signaling there is a possible reversal in price coming. Indicators are wacky right now because of the FOMO and unpredictability of the beginning of a bull run.
Doge is back up and pumping and Bitcoin broke 65k and half way to 66k.
Doge is back up and pumping and Bitcoin broke 65k and half way to 66k.
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I went back and I just noticed this. At the end of cycle one as I show above which ended March 2017 the price action adn candles are almost exact to the T. I am going out on a limb here and Im going to say that Litecoin probably will not have a pullback for a while. Look at what happened in 2017 at the end of the first cycle and beginning the second cycle on a much larger scale. I explain this in my original post.
Folks the truth is we may not get a pull back and the current price of Litecoin is as cheap as its going to get ever again. If we are comparing similar moves. 218% was the move back in 2017 before any sort of pull back, currently what would put Litecoin at a straight shot to $200 before a potential 40% correction then straight back up within just a few days to new highs. The move in 2017 there wasnt nearly as many people interested inc rypto as today and from bottom to top it made a 100x move. Now jsut assuming that Litecoin makes that same move were looking at 7k. Now factoring in we have alooottt more people and money getting in this time we could see those number I was talking about. 10k-15k Litecoin. This is going to get insane.
This is just my opinion and not financial advice.
Folks the truth is we may not get a pull back and the current price of Litecoin is as cheap as its going to get ever again. If we are comparing similar moves. 218% was the move back in 2017 before any sort of pull back, currently what would put Litecoin at a straight shot to $200 before a potential 40% correction then straight back up within just a few days to new highs. The move in 2017 there wasnt nearly as many people interested inc rypto as today and from bottom to top it made a 100x move. Now jsut assuming that Litecoin makes that same move were looking at 7k. Now factoring in we have alooottt more people and money getting in this time we could see those number I was talking about. 10k-15k Litecoin. This is going to get insane.
This is just my opinion and not financial advice.
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Then theres this. I know Im kind of all over the place, Im just pointing out everything I see so you all can make your own decisions. This market is crazy and can remain crazy longer than we can remain sane.
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Broke the diamond, back to $85
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Diamond pattern is a rally to a new
high and weakness to an intermediate
support level, a second rally to a higher
high and a sharp decline through
support, followed by a modest third rally
and a decline through longer-term trend.
Because diamonds are very large
patterns, the technical implications are
often extremely large.
Technical targets are derived by subtracting the difference between the record high and the reaction low from the eventual breakout level.
The breakout level will be determined by a trend line drawn from the reaction low
to the first significant low on the right side of the pattern.
• Diamonds are complex reversal patterns because volume trends often suggest accumulation. Volume is heaviest at lows and upside breakouts but moves to new and relative highs are always characterized by one day reversals.
• Although the spike to the reaction low may be violent, the fact that stock holders are willing to surrender their stock at drastically lower prices without substantive fundamental news portends lower prices.
• Diamonds are large patterns and the technical implications are often dire. It is important to let the pattern reach completion. This means establishing short positions only after the downside breakout.
• Downside breakouts often lead to small 2-3% declines followed by an immediate test of the breakout level. If the stock closes above this level (now resistance) for any reason the pattern becomes invalid.
high and weakness to an intermediate
support level, a second rally to a higher
high and a sharp decline through
support, followed by a modest third rally
and a decline through longer-term trend.
Because diamonds are very large
patterns, the technical implications are
often extremely large.
Technical targets are derived by subtracting the difference between the record high and the reaction low from the eventual breakout level.
The breakout level will be determined by a trend line drawn from the reaction low
to the first significant low on the right side of the pattern.
• Diamonds are complex reversal patterns because volume trends often suggest accumulation. Volume is heaviest at lows and upside breakouts but moves to new and relative highs are always characterized by one day reversals.
• Although the spike to the reaction low may be violent, the fact that stock holders are willing to surrender their stock at drastically lower prices without substantive fundamental news portends lower prices.
• Diamonds are large patterns and the technical implications are often dire. It is important to let the pattern reach completion. This means establishing short positions only after the downside breakout.
• Downside breakouts often lead to small 2-3% declines followed by an immediate test of the breakout level. If the stock closes above this level (now resistance) for any reason the pattern becomes invalid.
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Diamond patters can also be continuation patterns if broken to the upside. Measured move would be the same 10 dollars from the top to around 105
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Possible scenarios
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Example of a failed diamond top
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This is where we are now. The rising wedge formed a rising channel and now a break of the channel. We are finding some support between the .786 and the .75 Fib. If we break back into the channel with volume then 111 is first target and then 138. If we break lower then a further correction is coming and it could be swift like a massive red candle then straight back up like it has been doing. Bitcoin breaking the all time high means Litecoin should start to go parabolic soon after.
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Broke the wedge. If we dont bounce back in again then were headed dow to those areas of support.
On a side note downdetector dot c o m, is showing that everything just experienced an interruption of service. Facebook, twitter, etc are down and many outages. Could be a conspiracy theory fear sell off for the day I dont know. Its happened many times before.
On a side note downdetector dot c o m, is showing that everything just experienced an interruption of service. Facebook, twitter, etc are down and many outages. Could be a conspiracy theory fear sell off for the day I dont know. Its happened many times before.
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If the 84 level breaks with volume, I think we're coming down to 73 at least. Not much support at 84 so it may break easily
I might be wrong because as Ive said before and I cant stress this enough. In the beginning phases of a bull market it is extremely difficult to predict where price is going. Not financial advice either
I might be wrong because as Ive said before and I cant stress this enough. In the beginning phases of a bull market it is extremely difficult to predict where price is going. Not financial advice either
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FIB says 73 as well
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In the previous cycle Litecoin did not touch the trendline again. So for other analysts who say Litecoin must come down to 30 or 10, I dont think they realize that as a cycle moves forward volatility decreases. Thats the point of measuring volatility is to estimate how deep a correction will be or how high a rally can go before it changes direction.
I drew the Blue trendline onto what I would call the actual real trendline. Those wicks below I want you to see how volatility plays a role in how deep a correction can be and how far down a wick spikes. Now pair that with RSI and MACD and it gives you a really good idea of where things are headed. I respect all the traders and analysts but many I have noticed on youtube, here and other platforms have a negative bias towards Litecoin. Litecoin I would say has the most hate out of any other coin by far. Its understandable, markets can really chop you up and Litecoin had a very long consolidation and a boring "bull run" in 2021 while Bitocin was hitting new highs. This whole thing from the top in 2017 up until now was corrective. It takes a long time to consolidate after a 34500% move. Thats 345x. It went from $1 to $345, it FAAAAAARRR outperformed Bitcoin that cycle, and then it came down and never corrected below a 20x. This next cycle Litecoin will outperform Bitcoin again.
As far as today and the next week or two this is what I think will happen. If Bitcoin can get back up to I would say 67k today and find support and tomorrow maybe 67,500 then I would confidently say that this was just a washout. Billions in longs and shorts were washed out in 24 hours. If that happens then 73 or so that was hit yesterday in Litecoin was the dip and upwards from here. Once Litecoin breaks 120 its pretty much a straight shot to the high and then it will find support around the high for the next leg.
On the opposite end, if Bitcoin gets below 65500 on a closing basis today and is around 65k tomorrow then this is a much deeper correction down to 56-58k for BTC but it will be fast. Litecoin will probably at that time come down for another touch of the blue trendline. I dont see it going much further unless this move down is accompanied by some sort of bad news to create more volatility and a further spike. That would be $60 on the Blue trendline. If there is a black swan or some shlt like that then thats unpredictable and that could spike Litecoin down to the white trendline at about 45 and Bitcoin would probably go back to maybe touch 30k on a wick basis before a straight up V shape recovery. There is a toooonnn of money around the 30s for Bitcoin so perhaps Blackrock and friends swipe that area and scoop up all that Bitcoin before a straight shot 30k candle back up to 60k. I dont think that will happen because that would also piss off alot of investors in their ETFs and I dont think that would be smart. That would also put Litecoin at a .001 valuation, 1000 litecoin to 1 BTC. That ratio is insane and will revert back to the mean and will never be seen again.
I will post updates multiple times a day throughout this bullrun so please follow me and also follow this idea by clicking the bookmark symbol under the chart up top, so you will be notified when I post an update. Good luck my friends.
I drew the Blue trendline onto what I would call the actual real trendline. Those wicks below I want you to see how volatility plays a role in how deep a correction can be and how far down a wick spikes. Now pair that with RSI and MACD and it gives you a really good idea of where things are headed. I respect all the traders and analysts but many I have noticed on youtube, here and other platforms have a negative bias towards Litecoin. Litecoin I would say has the most hate out of any other coin by far. Its understandable, markets can really chop you up and Litecoin had a very long consolidation and a boring "bull run" in 2021 while Bitocin was hitting new highs. This whole thing from the top in 2017 up until now was corrective. It takes a long time to consolidate after a 34500% move. Thats 345x. It went from $1 to $345, it FAAAAAARRR outperformed Bitcoin that cycle, and then it came down and never corrected below a 20x. This next cycle Litecoin will outperform Bitcoin again.
As far as today and the next week or two this is what I think will happen. If Bitcoin can get back up to I would say 67k today and find support and tomorrow maybe 67,500 then I would confidently say that this was just a washout. Billions in longs and shorts were washed out in 24 hours. If that happens then 73 or so that was hit yesterday in Litecoin was the dip and upwards from here. Once Litecoin breaks 120 its pretty much a straight shot to the high and then it will find support around the high for the next leg.
On the opposite end, if Bitcoin gets below 65500 on a closing basis today and is around 65k tomorrow then this is a much deeper correction down to 56-58k for BTC but it will be fast. Litecoin will probably at that time come down for another touch of the blue trendline. I dont see it going much further unless this move down is accompanied by some sort of bad news to create more volatility and a further spike. That would be $60 on the Blue trendline. If there is a black swan or some shlt like that then thats unpredictable and that could spike Litecoin down to the white trendline at about 45 and Bitcoin would probably go back to maybe touch 30k on a wick basis before a straight up V shape recovery. There is a toooonnn of money around the 30s for Bitcoin so perhaps Blackrock and friends swipe that area and scoop up all that Bitcoin before a straight shot 30k candle back up to 60k. I dont think that will happen because that would also piss off alot of investors in their ETFs and I dont think that would be smart. That would also put Litecoin at a .001 valuation, 1000 litecoin to 1 BTC. That ratio is insane and will revert back to the mean and will never be seen again.
I will post updates multiple times a day throughout this bullrun so please follow me and also follow this idea by clicking the bookmark symbol under the chart up top, so you will be notified when I post an update. Good luck my friends.
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These two moves look really similar. The indicators are almost exactly the same. Its on a Wednesday just like in Nov 2022. The move would match exactly to the fib and the percentage move down. If this is to happen it happens tonight or tomorrow I would think.
It would be a spike down to exactly $60 before a bounce straight back up to the 0.5 at 83.40, then back down to about 72 and off to the races to a new all time high. Bitcoin probably dumps tonight or tomorrow too top make this happen. Bitcoin could go straight to 45-50k That would wash out aloooot of longs probably in the billions. Oh boy this could get nasty for a minute. It will be fast though maybe last a couple days before resuming the straight shot.
Get ready for anything at this time. I dont see anything lower than 60 for Litecoin if this does happen but never know if its accompanied by bad news a wick could slam 58. Good luck, dont get motion sick we might be about to hit turbulence.
It would be a spike down to exactly $60 before a bounce straight back up to the 0.5 at 83.40, then back down to about 72 and off to the races to a new all time high. Bitcoin probably dumps tonight or tomorrow too top make this happen. Bitcoin could go straight to 45-50k That would wash out aloooot of longs probably in the billions. Oh boy this could get nasty for a minute. It will be fast though maybe last a couple days before resuming the straight shot.
Get ready for anything at this time. I dont see anything lower than 60 for Litecoin if this does happen but never know if its accompanied by bad news a wick could slam 58. Good luck, dont get motion sick we might be about to hit turbulence.
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I THINK THIS IS BIG NEWS.
The first Litecoin MWEB transaction on a mobile wallet took place today. The Litecoin development team has been diligently working on rolling out the next Litecoin Core update and LTC suite to all mobile wallets and even hardware wallets giving them the ability to support Litecoin MWEB.
The first wallet to offer this feature will be Litewallet, which is the official litecoin mobile wallet from the Litecoin Foundation. Testing is nearing the final stages with a final rollout at the Litecoin Summit conference in Nashville this summer. Download the Litewallet now, and be ready to upgrade the app to turn on the new feature.
The first Litecoin MWEB transaction on a mobile wallet took place today. The Litecoin development team has been diligently working on rolling out the next Litecoin Core update and LTC suite to all mobile wallets and even hardware wallets giving them the ability to support Litecoin MWEB.
The first wallet to offer this feature will be Litewallet, which is the official litecoin mobile wallet from the Litecoin Foundation. Testing is nearing the final stages with a final rollout at the Litecoin Summit conference in Nashville this summer. Download the Litewallet now, and be ready to upgrade the app to turn on the new feature.
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CLIF HIGH ALTERNATIVE LINGUISTICS TRENDS ANALYSIS REPORT SNIPIT. THESE REPORTS FROM 2018 ARE PLAYING OUT NOW WITH MANY TEMPORAL MARKERS BEING SEEN.
As modelspace is moved through , there are many sets relating to 'securities', including 'security' that are associated with Litecoin. These sets are positive, and bring in larger amounts of new supporting sub sets for 'excitement'. There are many sets accruing in May that are within the first large clump of
new 'excitement' data. There are some detail sets indicating that the 'rising emotional state (of) excitement' over Litecoin will actually start producing 'anxiety', though this is of an 'anticipatory' nature about when will the 'rise' end. These sets are echoed later in as the 'excitement' sub set seemingly
breaks out of some limitations that existed over Summer (northern hemisphere). As Fall weather begins to be reported, the data sets have new 'excitement' shifting into Litecoin sets. These latter, 'excitement' sets are curious in that they have cross links over to 'established businesses', and 'sudden (major/significant) leap ahead'. These sets are forecasting a very good YEAR for Litecoin.
As modelspace is moved through , there are many sets relating to 'securities', including 'security' that are associated with Litecoin. These sets are positive, and bring in larger amounts of new supporting sub sets for 'excitement'. There are many sets accruing in May that are within the first large clump of
new 'excitement' data. There are some detail sets indicating that the 'rising emotional state (of) excitement' over Litecoin will actually start producing 'anxiety', though this is of an 'anticipatory' nature about when will the 'rise' end. These sets are echoed later in as the 'excitement' sub set seemingly
breaks out of some limitations that existed over Summer (northern hemisphere). As Fall weather begins to be reported, the data sets have new 'excitement' shifting into Litecoin sets. These latter, 'excitement' sets are curious in that they have cross links over to 'established businesses', and 'sudden (major/significant) leap ahead'. These sets are forecasting a very good YEAR for Litecoin.
Comment:
Looks like a bear pennant is forming. This could initiate the move down to around $60 if it plays out. The 50 SMA crossed below the 200 SMA, which is a bearish cross. As you can see when the 50 crossed below the 100 that was a bearish cross that initiated the move dow we just had. The 50 crossing below the 200 usually means a larger move down is coming. We had a 20$ move down from 91 to 71 and this cross probably will bring up down another 20 at least if not closer to 30 on a wick basis. So $60 is in the cards and possible wick into the high 50 dollar ranges is possible before a straight shot back up like we just had. Itll be fast if it does happen.
An invalidation of this move would be if price can get above the Blue 100 day SMA and close above and then get above the white trendline at aroun 89. At that point I say this move down is done and now onto the next leg up.
If Litecoin breaks below around lets say $85 and closes below 83 on an hourly basis then this move down is imminent in my opinion.
An invalidation of this move would be if price can get above the Blue 100 day SMA and close above and then get above the white trendline at aroun 89. At that point I say this move down is done and now onto the next leg up.
If Litecoin breaks below around lets say $85 and closes below 83 on an hourly basis then this move down is imminent in my opinion.
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If Bitcoin breaks the high and keeps going this is invalidated and Litecoin will go straight up from here. This is a pivotal point in all markets.
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We must get over and close above this resistance trend line or we're headed down.
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Litecoin is doing exactly what I expected. It broke below the rising wedge and unless it gets back over the resistance at the bottom of the wedge then Litecoin and the broader crypto market is in for a nice dip. This may be the last dip before going straight up so dont get shook. If Litecoin cant break above 89 and then get above the wedge at lets say 91 to be sure then its going down. Maybe this weekend something comes out in the mainstream news or today after the market close? Who knows. Keep an eye on levels.
Also bearish divergence on the 6 hour RSI. Volume is dropping. Momentum looks to be turning.
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Also bearish divergence on the 6 hour RSI. Volume is dropping. Momentum looks to be turning.
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Comment:
Litecoin must bounce here to avert a big pullback.
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Everyting is showing a local top. See how that wick slamed thorugh those other supports without a problem? I assume this move down will also be swift like that wick but the support it broke through before will easily break again. Next major support is between 68 and 66 if it break the previous wick low and then a possible wick down to 60 before rebounding. Things are looking bearish. RSI is curled down and headed down and the volatility is about to increase again. This move will be fast judging by the BBWP.
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Comment:
I DONT HAVE A CRYSTAL BALL SO ALL I CAN DO IT GO BY WHAT THE INDICATORS ARE TELLING ME. WE'LL TAKE IT LEVEL BY LEVEL.
THE 786 NEEDS TO HOLD IF WE CLOSE BELOW THE .786 AT 87 DOLLARS ON AN HOURLY THEN LITECOIN IS GOING TO FALL TO 80 AND THEN 77. IF THOSE LEVELS FAIL AND WE BREAK BELOW THE .382 THEN 60 DOLLAR REGION IS LIKELY. MIND YOU THAT THE BBWP IS ABOUT TO UNWIND AND USUALLY THAT MEANS IT CORRECTS BUT NOT ALWAYS SO ITS A TRICKY TIME RIGHT NOW.
KEEP AN EYE ON THE LONGS AND SHORTS. THIS MARKET IS HEAVILY MANIPULATED BECAUSE IT DOESN'T TAKE MUCH CAPITAL TO MANIPULATE IT. SO THAT BEING SAID THE DIRECTION OF THE MARKET WILL DEPEND ON WHICH WAY CAN MAKE THE MARKET MAKERS MORE MONEY IN LIQUIDATIONS.
Just realized it was all caps, my bad.
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THE 786 NEEDS TO HOLD IF WE CLOSE BELOW THE .786 AT 87 DOLLARS ON AN HOURLY THEN LITECOIN IS GOING TO FALL TO 80 AND THEN 77. IF THOSE LEVELS FAIL AND WE BREAK BELOW THE .382 THEN 60 DOLLAR REGION IS LIKELY. MIND YOU THAT THE BBWP IS ABOUT TO UNWIND AND USUALLY THAT MEANS IT CORRECTS BUT NOT ALWAYS SO ITS A TRICKY TIME RIGHT NOW.
KEEP AN EYE ON THE LONGS AND SHORTS. THIS MARKET IS HEAVILY MANIPULATED BECAUSE IT DOESN'T TAKE MUCH CAPITAL TO MANIPULATE IT. SO THAT BEING SAID THE DIRECTION OF THE MARKET WILL DEPEND ON WHICH WAY CAN MAKE THE MARKET MAKERS MORE MONEY IN LIQUIDATIONS.
Just realized it was all caps, my bad.
Follow for constant updates.
Comment:
Litecoin is holding the line pretty good here. I would really like to see it get above the orange resistance back into the wedge. That would be really bullish. We have to see what Bitcoin does as well. Right now the whole market is kind of in limbo waiting for Bitcoins next move. I had made a chart a while back ill attach it below where I saw a fractal in bitcoins chart that is playing out. The fractal shows a retest of the top of the first peak in bitcoin before going straight up again. If this happens then bitcoin would hit right at 60k and possible wick to 57k then straight back up.
Rsi is kind of flat holding the median on the hourly so nothing really telling there.
Whats is kind of pointing to a correction is the daily RSI getting rejected off the moving average and curling back down while the machine learning optimal RSI is topping out. Im still leaning towards a correction at this time. Market makers are letting shorts and longs build up so they can scam wick it both ways before straight upshot.
Rsi is kind of flat holding the median on the hourly so nothing really telling there.
Whats is kind of pointing to a correction is the daily RSI getting rejected off the moving average and curling back down while the machine learning optimal RSI is topping out. Im still leaning towards a correction at this time. Market makers are letting shorts and longs build up so they can scam wick it both ways before straight upshot.
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This is a chart I forgot to add to the above post showing the Bitcoin fractal and possible bitcoin move I mentioned in the above post.
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Comment:
Litecoin is holding up still. I like this but I really want to see us get above the high so we dont do something like the second chart and double top then down. Close above $95 on at least a daily and the move down is probably invalid. Until then it is still valid.
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This is why I think we come back down and at least touch the trendline at about 65-67 dollars before we go straight up. I originally thought maybe 60 dollars but that may be to far down. The MACD and the RSI are lining up in the exact same spot every time with this same price action before the launch up. Doesnt mean it has to but something to consider.
Overall crypto market is looking super strong. For this to happen to Litecoin it wouldn't take much maybe Bitcoin swiping 65k or something like that would cause this. Still same though just waiting on some sort of confirmation on the shorter times frame if we keep going straight up or a pullback first then straight up.
This is just a short term analysis and i will provide this all the way up in this bull run and probably all the way down with daily updates. Understand that trying to find dips in a bull run are harder than finding rallies in a bear market.
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Overall crypto market is looking super strong. For this to happen to Litecoin it wouldn't take much maybe Bitcoin swiping 65k or something like that would cause this. Still same though just waiting on some sort of confirmation on the shorter times frame if we keep going straight up or a pullback first then straight up.
This is just a short term analysis and i will provide this all the way up in this bull run and probably all the way down with daily updates. Understand that trying to find dips in a bull run are harder than finding rallies in a bear market.
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Comment:
Good morning my beautiful people. Bitcoin is at all time highs this morning. This may be the confirmation that Litecoin is not going to have a major pullback but I would like to see Litecoin get to and ideally above $115 to be more certain.
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To add to the above update, this is the bearish setup if it plays out. I wouldnt ape in right now I would play this cautiously, Litecoin looovvess those huge wicks down to washout the leverage longs.
So!!
IF LITECOIN DOES SLAM DOWN HERE, I DONT THINK ITLL BE AS DEEP AS I ORIGINALLY THOUGHT BUT THE 0.5 AT $76.50 ALL THE WAY DOWN TO JUST ABOVE THE 382 AT 71.98. IF BITCOIN STARTS TO COME BACK DOWN BELOW THE HIGH AGAIN AND DROPS THEN 60 IS BACK ON THE TABLE.
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So!!
IF LITECOIN DOES SLAM DOWN HERE, I DONT THINK ITLL BE AS DEEP AS I ORIGINALLY THOUGHT BUT THE 0.5 AT $76.50 ALL THE WAY DOWN TO JUST ABOVE THE 382 AT 71.98. IF BITCOIN STARTS TO COME BACK DOWN BELOW THE HIGH AGAIN AND DROPS THEN 60 IS BACK ON THE TABLE.
FOLLOW ME AND THIS IDEA FOR CONSTANT DAILY UPDATES THROUGHOUT THE BULL RUN. IF YOU HAVE A CHART FOR ME TO LOOK AT PUT IT IN THE COMMENTS BELOW AND ILL TRY AND DRAW UP A CHART. THANK YOU EVERYONE FOR YOUR SUPPORT.
Comment:
Still waiting for a 115 break to be convinced that we arent going to have a big pullback. Once we hit 115 and stay above it, next target is around 128 and probably at that point we find a floor at around 100. Pullbacks after that will be short if any, I think we go straight up.
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If you love Litecoin check this out.
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I am making a prediction that by August Litecoin will be around $1500 to $2000 at the very minimum and Bitcoin will be at $150k to $200k. I dont think we have much time for a big pullback between now and then until Litecoin hits the high at $400 for maybe a quick 20% dip then straight up to $1500-$2000 or more by end of August. September a correction maybe 30% and then straight up for another 500% or more run from there to $10k by Q1 2025.
IF YOU MISSED BITCOIN THEN DONT MISS LITECOIN. THIS IS LIKE LIKE BUYING BITCOIN AT 100 DOLLARS.
IF YOU MISSED BITCOIN THEN DONT MISS LITECOIN. THIS IS LIKE LIKE BUYING BITCOIN AT 100 DOLLARS.
Comment:
Good morning everyone. Litecoin had a beautiful run yesterday. I really wanted to see it get above $115 and it didnt. I will be honest that until Litecoin gets above $115 then a decent size pullback is still on the table. Every day we stay above 80 that becomes less likely but there is still that chance.
Looking this morning on the 12 hour and the daily RSI there is bearish divergence from the last peak at $95 to this peak at $105. This bearish divergence is strong cause its on the 12 hour and the daily. You can go back and see when there was bearish divergence on the 12 hour and daily on RSI on local tops for Litecoin, that when the RSI crossed below the median line it fell off the table for a sizeable correction of 30% or more. Im not saying that this will happen 100% but the bearish divergences almost always play out on the RSI in these higher time frames.
For price action today I am expecting that Litecoin may come down and tap the 1 on the FIB at the previous high at $95. Litecoin MUST hold this. If Litecoin breaks below and closes below on the daily then the correction is looking more likely. Litecoin also may find local support right where it is now and make for another drive to the 1.618 FIB at $122. If Litecoin makes that move to $122 and pulls back we need to look at the RSI again on the daily and 12hour and see if it created a lower high on the RSI (relative strength index). If a lower high is printed on the RSI again and creating bearish divergence then that will probably initiate a correction down. I will revisit this in the afternoon and see where we are at and post an update. This is a very tricky time to try and call dips cause in the macro we're going straight up. Im just trying to find the dips along the way for people who trade and want to accumulate more.
If price breaks below $94 then a move down to about $85 could be in the cards. If Litecoin breaks below $80 then a swift and steep correction to $65ish is back on the table.
THE ORANGE YELLOW AND WHITE LINES ARE POSSIBLE SCENARIOS. IF I HAD TO PICK ONE OF THOSE RIGHT NOW AS A BEST GUESS AS TO WHAT I THINK HAPPENS, I WOULD PICK THE YELLOW LINE.
Ill keep an eye on this today and keep you all posted.
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Looking this morning on the 12 hour and the daily RSI there is bearish divergence from the last peak at $95 to this peak at $105. This bearish divergence is strong cause its on the 12 hour and the daily. You can go back and see when there was bearish divergence on the 12 hour and daily on RSI on local tops for Litecoin, that when the RSI crossed below the median line it fell off the table for a sizeable correction of 30% or more. Im not saying that this will happen 100% but the bearish divergences almost always play out on the RSI in these higher time frames.
For price action today I am expecting that Litecoin may come down and tap the 1 on the FIB at the previous high at $95. Litecoin MUST hold this. If Litecoin breaks below and closes below on the daily then the correction is looking more likely. Litecoin also may find local support right where it is now and make for another drive to the 1.618 FIB at $122. If Litecoin makes that move to $122 and pulls back we need to look at the RSI again on the daily and 12hour and see if it created a lower high on the RSI (relative strength index). If a lower high is printed on the RSI again and creating bearish divergence then that will probably initiate a correction down. I will revisit this in the afternoon and see where we are at and post an update. This is a very tricky time to try and call dips cause in the macro we're going straight up. Im just trying to find the dips along the way for people who trade and want to accumulate more.
If price breaks below $94 then a move down to about $85 could be in the cards. If Litecoin breaks below $80 then a swift and steep correction to $65ish is back on the table.
THE ORANGE YELLOW AND WHITE LINES ARE POSSIBLE SCENARIOS. IF I HAD TO PICK ONE OF THOSE RIGHT NOW AS A BEST GUESS AS TO WHAT I THINK HAPPENS, I WOULD PICK THE YELLOW LINE.
Ill keep an eye on this today and keep you all posted.
Follow me and this idea for daily updates throughout the bull run. Leave a comment below and tell me what you think. Thank you for your support. Good luck.
Comment:
Rsi is looking weak so I think we come down to the whit trendline at least adn possible touch the golden pocket in the Blue box. At this point its buy every dip cause it may never go lower than that again. Dont forget this is also the cylce where LTC/BTC ratio reverses to the upside so Litecoin will probably go straight up. Scam wicks are hard to predict but if this up and down makes you nauseous then shut your computer and come back in 6 months, youll be very happy.
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NOT FINANCIAL ADVICE
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Good morning my beautiful people.
RSI and MACD are pointed straight down. Currently in a bear flag. The way Litecoin wicked down to 91, went back to the bear flag and is still in it means that its very possible to swipe back down again past that wick. I dont think it goes as far down as I showed above yesterday anymore just because Bitcoin is rallying again. It may come down and swipe the white trendline $86 again before moving straight back up to $115 and then $128. It will be a fast wick down if it does happen.
Good luck my lovely people.
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RSI and MACD are pointed straight down. Currently in a bear flag. The way Litecoin wicked down to 91, went back to the bear flag and is still in it means that its very possible to swipe back down again past that wick. I dont think it goes as far down as I showed above yesterday anymore just because Bitcoin is rallying again. It may come down and swipe the white trendline $86 again before moving straight back up to $115 and then $128. It will be a fast wick down if it does happen.
Good luck my lovely people.
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Comment:
@Bitgolder this rally isnt the real bull market, its a corrective wave in a larger downtrend. During bull market, cryptos gain against stocks, but if you compare crypto to stocks, stocks have been leading the rallies and crypto has been trailing behind. The volume is also low, and there is a lot of other evidence. It is not uncommon for the corrective rally to make higher high and then plunge for lower low. I think the rally will last until rate cuts, once rate cuts begin, entire market will start plunging as it always have. The crypto has been also rallying for almost 500 days, the longest bull market didnt last longer than 600 days, so you see even if you look at it as caveman, the timing is off and there is not much time left before we reach the top.
@204f527996864c37bf99691291ae25, I appreciate your perspective. I dont think that is whats happening to all cryptos. Perhaps some cryptos are still corrective in this rally but not all of them. So for instance XRP, LTC, BCH just to name a few were in the corrective stage of the market last bull run thats why they didnt make a new high while others were printing much higher highs. DOGE did not, DOGE had a full on bull run. Many of the cryptocurrecies that ran in the last Bull run may actually just reach their previous high again and then come back down. The ones I mentioned above that were corrective during last bull run will begin their next parabolic bull cycle this run.
So essentially what Im saying is the 2017 for Litecoin to its top in 2018 up until this year was all corrective. That was a 7 year cycle from bottom to top back top bottom. Now Litecoin is beginning its next parabolic rally. This one may last 10 years from here to top back to bottom. The cycles get longer not shorter. I hope that makes sense. i just woke up. I can try and explain better later once I get more coffee
@204f527996864c37bf99691291ae25, I appreciate your perspective. I dont think that is whats happening to all cryptos. Perhaps some cryptos are still corrective in this rally but not all of them. So for instance XRP, LTC, BCH just to name a few were in the corrective stage of the market last bull run thats why they didnt make a new high while others were printing much higher highs. DOGE did not, DOGE had a full on bull run. Many of the cryptocurrecies that ran in the last Bull run may actually just reach their previous high again and then come back down. The ones I mentioned above that were corrective during last bull run will begin their next parabolic bull cycle this run.
So essentially what Im saying is the 2017 for Litecoin to its top in 2018 up until this year was all corrective. That was a 7 year cycle from bottom to top back top bottom. Now Litecoin is beginning its next parabolic rally. This one may last 10 years from here to top back to bottom. The cycles get longer not shorter. I hope that makes sense. i just woke up. I can try and explain better later once I get more coffee
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Looks like we are coming down to test the trendline. RSI is still bearish, and coming down.
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Bearish divergence on the daily RSI. I think a quick wick is coming still.
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Its looking like the move will play out as I have been saying. Still bearish. If we break and close below the .786 at around 94 dollars then we're coming down to at least $76 and then a wick lower is possible.
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Litecoin is playing out the move currently as well as the rest of the market like I thought it would. This is a healthy pullback this is not a rug pull and in my honest opinion and not any type of financial advice but this is a buy the dip scenario. As soon as Bitcoin rebounds this thing is going to shoot up 25% back to previous high at $105 and then continue the parabolic rally.
Keep an eye on the support and resistance levels. Once price breaks through the bottom of the green support channel then the next move usually at minimum is the top of the next channel. Not always but most of the time. This correction could bring us down to around $68-$66. If $66 breaks then I dont see it going any lower than the trendline at around $62 give or take at worst. At best we only slap $78 maybe $76 and then straight back up.
The RSI still has a ways to go down, and the MA speed is pointed straight down on all higher term timeframes. I expect a bounce here probably to the trendline around $90 and then continue down to at least $78 but probably lower unless Bitcoin reverses direction. Keep an eye on Bitcoin also.
Keep an eye on the support and resistance levels. Once price breaks through the bottom of the green support channel then the next move usually at minimum is the top of the next channel. Not always but most of the time. This correction could bring us down to around $68-$66. If $66 breaks then I dont see it going any lower than the trendline at around $62 give or take at worst. At best we only slap $78 maybe $76 and then straight back up.
The RSI still has a ways to go down, and the MA speed is pointed straight down on all higher term timeframes. I expect a bounce here probably to the trendline around $90 and then continue down to at least $78 but probably lower unless Bitcoin reverses direction. Keep an eye on Bitcoin also.
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Ill be able to do a more in depth analysis later this evening but for now my target remains. Litecoin looks like its in the process of forming a lower time fram head and shoulders with a really big head. So once this neckline breaks the measured move target is still the same. Indicators as of now are all still pointed down on daily and two day so this correction still has some gas left in the tank.
The yellow head line is a potential larger time frame head and shoulders though I dont think it will play out like that. Just a possibility. If it does form like that then I will update the target.
To confidently invalidate this i would like to see a break and close above the previous high. A break of $99 also is a good sign that it will not come back down but a double top is possible with the same corrective measured target.
The yellow head line is a potential larger time frame head and shoulders though I dont think it will play out like that. Just a possibility. If it does form like that then I will update the target.
To confidently invalidate this i would like to see a break and close above the previous high. A break of $99 also is a good sign that it will not come back down but a double top is possible with the same corrective measured target.
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All indicators on the daily are still pointing straight down. RSI just had a small bounce off the median line and hidden bullish divergence on the hourly so expect a small bounce today. I think we still come down to my previous target. Good luck this pullback is almost over.
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Comment:
If at any point we get above the .786 at around $94.12 and close on a 4 hour above it then that would be super bullish and the correction would probably be over. As will the rest of the market. The trick here is when the correction is over not all coins bounce at the same time so finding ones that are still at lows that haven't reversed yet is quite lucrative. Not financial advice just my opinion.
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Hello good morning my beautiful Litecoiners. Sorry I didnt post an update yesterday.
This correction is still ongoing. No signs yet of a reversal. Now the only thing is is that this correction took a little longer than I expected it to take so the downside target might be a little higher than expected. So originally I thought around $70. I am thinking now that we may only touch around $72 again.
Now if we get to below $72.06 EXACTLY we need to get below that to confirm that we are going lower and next target is right where my original target was at $70.40. If we break below $70.34 EXACTLY and close on at least an hourly then I would expect a move down to maybe $68 ish. I will re-evaluate at that point if we do end up getting there.
The yellow trend line has acted as support for months. If we break below the yellow trendline and close below on at least a 12 hour candle then this correction is going to be gnarly. Perhaps as low as the mid $50s. I am not seeing that at this time but just keep an eye on levels. This white trendline you see has been support for even longer and as you see we broke below and the back above it in this recent rally. I really would like to see this white line hold right where we are now that would be the most bullish case.
I am leaning towards Litecoin coming down to the yellow trendline and bouncing there above $72.06 so maybe $72.25 or so. Ill keep an eye on price action today and post an update.
DAILY RSI STILL POINTED STRAIGHT DOWN AFTER REJECTION AT THE MEDIAN
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This correction is still ongoing. No signs yet of a reversal. Now the only thing is is that this correction took a little longer than I expected it to take so the downside target might be a little higher than expected. So originally I thought around $70. I am thinking now that we may only touch around $72 again.
Now if we get to below $72.06 EXACTLY we need to get below that to confirm that we are going lower and next target is right where my original target was at $70.40. If we break below $70.34 EXACTLY and close on at least an hourly then I would expect a move down to maybe $68 ish. I will re-evaluate at that point if we do end up getting there.
The yellow trend line has acted as support for months. If we break below the yellow trendline and close below on at least a 12 hour candle then this correction is going to be gnarly. Perhaps as low as the mid $50s. I am not seeing that at this time but just keep an eye on levels. This white trendline you see has been support for even longer and as you see we broke below and the back above it in this recent rally. I really would like to see this white line hold right where we are now that would be the most bullish case.
I am leaning towards Litecoin coming down to the yellow trendline and bouncing there above $72.06 so maybe $72.25 or so. Ill keep an eye on price action today and post an update.
DAILY RSI STILL POINTED STRAIGHT DOWN AFTER REJECTION AT THE MEDIAN
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Comment:
I HAVE A FOUND A PATTERN AND I BELIEVE IT IS CORRECT. I AM MAKING A BOLD STATEMENT TODAY. I BELIEVE THE MARKET IS ABOUT TO REVERSE AND GO TO THE UPSIDE IN A PARABOLIC FASHION. LITECOIN LOWS FOR THIS CORRECTION MAY ALREADY BE IN AS WELL AS BITCOIN AND THE BROADER MARKET. I WANTED TO POST THIS IMMEDIATELY BUT I AM CONFIDENT THAT WITHIN A WEEK LITECOIN WILL BE BACK ABOVE THE PREVIOUS LOCAL HIGH AT 105!
Comment:
Litecoin and the whole market looks like its starting to rebound. I believe the month of April we will see a wild move up in Litecoin as well as the rest. Once Litecoin gets above $88 I think the next major leg up is coming. This next move up will be even higher and faster so be prepared.
Comment:
Litecoin still looking bullish. We need to continue up from here so we form a head and shoulders. Also the QQQ is moving straight up. Litecoin follows in lockstep usually so thats why I think this correction may be over. Its so hard to call these local tops and bottoms in a bull run so I apologize for going back and forth daily but every day there is new indications to consider and adjust accordingly. Also non of this is financial advice I'm just sharing my opinion. Thank you.
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TELL ME WHAT YOU THINK BELOW IN THE COMMENTS.
LIKE AND FOLLOW ME AND THIS IDEA FOR CONSTANT DAILY UPDATES.
TELL ME WHAT YOU THINK BELOW IN THE COMMENTS.
Comment:
anynone
3 hours ago
When I first saw your analysis, I also hoped that it would really happen, but I still thought it was too crazy. Recently, I have started to pay more attention to LTC, and from the long-term chart, I have also seen some structures that are very bullish. Now I completely believe that your analysis is not groundless.
@anynone, Thank you. I think my analysis will play out perfectly. The timing is the hardest part. So its kinda like a cross country trip from Vermont to California, you can say it should take 49 hours but in that long of a trip theres a lot of things that can slow you down. but in the end the destination is the same.
Constant observation and analysis on crypto, government, world, politics etc can give you great insight when you combine that with possible changes that have not occurred based on previous occurrences and context. Visionaries are always called crazy and stupid, all throughout the history of man. Sometimes they are killed because their beliefs were so outlandish and out of the norm people couldnt handle it, even though what they said would happen, happened.
This is in my opinion the visionary stage of Litecoin investing and those price predictions are based on what is going on in the markets and probable future moves. You can look back at any asset in history that has had historical crazy price moves, that no one knew that was going to happen except a few visionaries at the time that could see ahead of the 99% normie sheeple crowd.They made bets on that future and are now some of the wealthiest people in the world. Everyone says oh I wish I bought Bitcoin when it was 10 dollars. Well those same people that say that are the same people that think this type of analysis is crazy. Even if Bitcoin was $10 and they knew about it they still wouldnt have bought because if you told them at the time that Bitcoin would reach 100k some day they would look at you crosseyed like you had 6 heads, its just simply their mindset and mentality. My predictions are well backed and I would argue anyone on any thing I say or have said.
Then you have the other crowd that invested in gold and silver hoping to make it big time but they bought the top and held for 10 years or more in the red. Gold is practically infinite. The day a lady came into my work and handed me a little card with her name and phone number saying she buys gold, in 2012, I knew the top was in. Anyways I'm just ranting now but long story short I am not a moon boy for no reason. I see whats coming that most cant see or understand.
3 hours ago
When I first saw your analysis, I also hoped that it would really happen, but I still thought it was too crazy. Recently, I have started to pay more attention to LTC, and from the long-term chart, I have also seen some structures that are very bullish. Now I completely believe that your analysis is not groundless.
@anynone, Thank you. I think my analysis will play out perfectly. The timing is the hardest part. So its kinda like a cross country trip from Vermont to California, you can say it should take 49 hours but in that long of a trip theres a lot of things that can slow you down. but in the end the destination is the same.
Constant observation and analysis on crypto, government, world, politics etc can give you great insight when you combine that with possible changes that have not occurred based on previous occurrences and context. Visionaries are always called crazy and stupid, all throughout the history of man. Sometimes they are killed because their beliefs were so outlandish and out of the norm people couldnt handle it, even though what they said would happen, happened.
This is in my opinion the visionary stage of Litecoin investing and those price predictions are based on what is going on in the markets and probable future moves. You can look back at any asset in history that has had historical crazy price moves, that no one knew that was going to happen except a few visionaries at the time that could see ahead of the 99% normie sheeple crowd.They made bets on that future and are now some of the wealthiest people in the world. Everyone says oh I wish I bought Bitcoin when it was 10 dollars. Well those same people that say that are the same people that think this type of analysis is crazy. Even if Bitcoin was $10 and they knew about it they still wouldnt have bought because if you told them at the time that Bitcoin would reach 100k some day they would look at you crosseyed like you had 6 heads, its just simply their mindset and mentality. My predictions are well backed and I would argue anyone on any thing I say or have said.
Then you have the other crowd that invested in gold and silver hoping to make it big time but they bought the top and held for 10 years or more in the red. Gold is practically infinite. The day a lady came into my work and handed me a little card with her name and phone number saying she buys gold, in 2012, I knew the top was in. Anyways I'm just ranting now but long story short I am not a moon boy for no reason. I see whats coming that most cant see or understand.
Comment:
Litecoin is looking really sexy right now. I think it has found its footing. I really want it to get above $88.50 to be much more confident on continuation to the upside.
We have a cross up on all the moving averages on the 2 day and now above all the moving average. RSI is bouncing back up on the 2 day. Looks like a double bottom on price action as well on the two day line chart.
We have a cross up on all the moving averages on the 2 day and now above all the moving average. RSI is bouncing back up on the 2 day. Looks like a double bottom on price action as well on the two day line chart.
Comment:
CLIF HIGH SNIPPET. THIS WAS WRITTEN IN 2017-2018 HE ALWAYS SAID THE TIMING WAS THE HARDEST PART TO PREDICT AND ALL OF HIS PREDICTIONS BASED ON TEMPORAL MARKERS ARE HAPPENING NOW. SO DISREGARD THE DATES AND JUST FOCUS ON THE PREDICTION.
LITECOIN NOVEMBER 2017
Litecoin is setting up for the 'belle of the (Spring) ball' award for cryptocurrencies in our data sets. The
LTC accretion patterns are surpassing the ETH sets at a very brisk rate of new data elements at about
2.4 new elements for each 1 about ETH as modelspace is moved into March 2018. These new sets are
bringing the emotional tone values for LTC into ranges not seen for it before, and, that are, in some
respects, temporal echoes to the 'set up' in early 2017 that saw such large gains for ETH (and Ripple) in
the early part of the year. In the case of Litecoin, the data sets are bringing in a larger percentage of
longer term data sets than had either ETH or Ripple (XRP) in early 2017 indicating a longer run for
LTC, throughout much of 2018.
The new sets for LTC that accrue as modelspace is progressed from late November through to the
December solstice have a 'gentle rise' in its pricing relative to USD growing into a 'steady (eye catcher)'
by the end of the year. At that time we have language forecast to appear about 'comparisons to Bitcoin',
both in 'rate of rise', and 'early days history', and 'ratio of valuations'. These 'comparisons' are forecast
to treat LTC well.
The data sets still have LTC moving into '3/three digits', and new growth to these sets show that the
movement will be creating a floor for LTC into 2018.
LITECOIN DECEMBER 2017
As modelspace is moved through 2018, there are many sets relating to 'securities', including 'security'
that are associated with Litecoin. These sets are positive, and bring in larger amounts of new supporting
sub sets for 'excitement'. There are many sets accruing in May that are within the first large clump of
new 'excitement' data. There are some detail sets indicating that the 'rising emotional state (of)
excitement' over Litecoin will actually start producing 'anxiety', though this is of an 'anticipatory' nature
about when will the 'rise' end. These sets are echoed later in 2018 as the 'excitement' sub set seemingly
breaks out of some limitations that existed over Summer (northern hemisphere). As Fall weather begins
to be reported, the data sets have new 'excitement' shifting into Litecoin sets. These latter, 'excitement'
sets are curious in that they have cross links over to 'established businesses', and 'sudden
(major/significant) leap ahead'. These sets are forecasting a very good 2018 for Litecoin.
LITECOIN NOVEMBER 2017
Litecoin is setting up for the 'belle of the (Spring) ball' award for cryptocurrencies in our data sets. The
LTC accretion patterns are surpassing the ETH sets at a very brisk rate of new data elements at about
2.4 new elements for each 1 about ETH as modelspace is moved into March 2018. These new sets are
bringing the emotional tone values for LTC into ranges not seen for it before, and, that are, in some
respects, temporal echoes to the 'set up' in early 2017 that saw such large gains for ETH (and Ripple) in
the early part of the year. In the case of Litecoin, the data sets are bringing in a larger percentage of
longer term data sets than had either ETH or Ripple (XRP) in early 2017 indicating a longer run for
LTC, throughout much of 2018.
The new sets for LTC that accrue as modelspace is progressed from late November through to the
December solstice have a 'gentle rise' in its pricing relative to USD growing into a 'steady (eye catcher)'
by the end of the year. At that time we have language forecast to appear about 'comparisons to Bitcoin',
both in 'rate of rise', and 'early days history', and 'ratio of valuations'. These 'comparisons' are forecast
to treat LTC well.
The data sets still have LTC moving into '3/three digits', and new growth to these sets show that the
movement will be creating a floor for LTC into 2018.
LITECOIN DECEMBER 2017
As modelspace is moved through 2018, there are many sets relating to 'securities', including 'security'
that are associated with Litecoin. These sets are positive, and bring in larger amounts of new supporting
sub sets for 'excitement'. There are many sets accruing in May that are within the first large clump of
new 'excitement' data. There are some detail sets indicating that the 'rising emotional state (of)
excitement' over Litecoin will actually start producing 'anxiety', though this is of an 'anticipatory' nature
about when will the 'rise' end. These sets are echoed later in 2018 as the 'excitement' sub set seemingly
breaks out of some limitations that existed over Summer (northern hemisphere). As Fall weather begins
to be reported, the data sets have new 'excitement' shifting into Litecoin sets. These latter, 'excitement'
sets are curious in that they have cross links over to 'established businesses', and 'sudden
(major/significant) leap ahead'. These sets are forecasting a very good 2018 for Litecoin.
Comment:
Litecoin is still looking beautiful Just need to keep going up, this pattern on the 2 day on Litecoin is a similar type of fractal that Bitcoin went through with the double tops in 21-22. Its a flat type of correction and if it plays out the same then Litecoin is not going any lower. I personally think this is the parabolic straight up move just ahead. Once we get above 118 where there is thick resistance itll shoot to previous high quick, not much resistance along the way either.
Comment:
Also I just noticed we're getting a bullish cross, last time this happened was December 2020 and look what came right before and after. !
Comment:
Litecoin is looking great my friends. I think that Litecoin is going to continue its rise no real major pullbacks. I wouldnt try and get in and out if it was me at this point you may end up getting chopped up. And is the risk of missing 5000% worth the gamble to get a few more coins at a 10% discount? I dont think so.
Wanted to let everyone know that Grayscale has purchased 60,000 more Litecoin while selling a bunch of ETH and ETC. This is very bullish. Litecoin will be the next ETF, mark my words. Proof of Work coins are going to make a real comeback moving forward as they are our digital commodities. Finding the proof of work coin that can run projects on when ETH collapses because its an unregistered Proof Of Stake security will be a giant money maker. If I was to guess which Proof Of Work crypto that is going to be that is completely decentralized and a fair launch would be Litecoin or Digibyte. Litecoin may just be the payments coins as it is now in the future and to not congest the chain with dapps and projects perhaps they use something else like Digibyte which is actually fundamentally superior to both Litecoin and Bitcoin but not very popular at the moment.
If I was to be a visionary I would say that Digibyte may end up being that crypto to run the projects on. Right now has zero attention. The creator Jared Tate stepped down just like Charlie Lee did. This is not a coincidence. This is so its completely decentralized and cannot be considered a security. This is all so obvious to me but my brain works differently.
None of this is financial advice just my opinion.
Wanted to let everyone know that Grayscale has purchased 60,000 more Litecoin while selling a bunch of ETH and ETC. This is very bullish. Litecoin will be the next ETF, mark my words. Proof of Work coins are going to make a real comeback moving forward as they are our digital commodities. Finding the proof of work coin that can run projects on when ETH collapses because its an unregistered Proof Of Stake security will be a giant money maker. If I was to guess which Proof Of Work crypto that is going to be that is completely decentralized and a fair launch would be Litecoin or Digibyte. Litecoin may just be the payments coins as it is now in the future and to not congest the chain with dapps and projects perhaps they use something else like Digibyte which is actually fundamentally superior to both Litecoin and Bitcoin but not very popular at the moment.
If I was to be a visionary I would say that Digibyte may end up being that crypto to run the projects on. Right now has zero attention. The creator Jared Tate stepped down just like Charlie Lee did. This is not a coincidence. This is so its completely decentralized and cannot be considered a security. This is all so obvious to me but my brain works differently.
None of this is financial advice just my opinion.
Comment:
Litecoin is about to break the previous local high at exactly $105.71 Thats the number we need to get above after that its cya, Litecoin will go straight up. April is going to be an extremely bullish month. I wouldn't be surprised to see Bitcoin hit 100k this month.
RSI and MACD are super bullish. 4hr golden cross 50/100, above all moving averages. I think we're looking great here friends.
Also I wanted to thank everyone for their support and perspectives. There is a lot of really cool people on here. Even the ones who yell at me when I say something that they don't like they still come back later and apologize so they're cool too.
Good luck my friends. Like and follow this idea and me for continuous updates. Thank you
RSI and MACD are super bullish. 4hr golden cross 50/100, above all moving averages. I think we're looking great here friends.
Also I wanted to thank everyone for their support and perspectives. There is a lot of really cool people on here. Even the ones who yell at me when I say something that they don't like they still come back later and apologize so they're cool too.
Good luck my friends. Like and follow this idea and me for continuous updates. Thank you
Comment:
Comment:
Here we go $106 baby!
Comment:
Not much to say the whole market is about to go straight up. This is just the little stall point we're in. If you're wondering what Litecoin will do we can look at a similar Flat type of correction but on a much higher time frame for BTC/TRY which is Bitcoin to the Turkish Lyra. Fractal and corrections are very similar in nature on every time frame in every asset, from the one minute candles to the 1 year candles. This screenshot below is also a fractal of what Bitcoin is about to do. Good luck out there my friends.
Comment:
On a lower timeframe a quick spike down to $98 is possible where there is good support. This is a flush of overlevereaged longs across the whole market right now preparing for the next big leg up.
Comment:
The swipe went a bit further but the washout was as expected. Litecoin moving back to 100 while Bitcoin is falling is signalling to me that the what I call "sloshing effect" is taking place. Traders are moving from Bitcoin to Alts now during Bitcoin correction adn then back to Bitcoin while the Alts correct. Once things really get moving and retail floods in then these will all move together. LTC/BTC is also doing better and if it keeps it up then this is almost the point of where Litecoin reaches the ignition point. I also forsee a lot of Doge holders dumping their Doge and piling into Litecoin in the future. There is a reason why and if anyone cares for me to explain then ask me below and Ill take the time to explain it.
As for now Litecoin looks pretty good. It may also be forming the right shoulder for the inverse head and shoulders. We will see but that measured move would be around $145. The market will probably chop around here and be slightly bearish till about Thursday and I think Thursday and Friday are going to be real bullish moving further into April.
As for now Litecoin looks pretty good. It may also be forming the right shoulder for the inverse head and shoulders. We will see but that measured move would be around $145. The market will probably chop around here and be slightly bearish till about Thursday and I think Thursday and Friday are going to be real bullish moving further into April.
Comment:
Litecoin and the market is looking pretty good here. I think tomorrow we start our bullish push back up in the market as a whole.
As for why I believe Doge holders will eventually leave Doge for Litecoin is this. For one there has been talk for years of Doge going to POS. This would make Doge a security. Second is because Doge has an unlimited supply and is very inflationary with over 14 million new coins created every day, no big money wants to invest in something that inflationary. Doge's price will eventually reach a plateu it cant go up forever. After the plateau it will start to decline in price becuase of the inflationary nature of it. Its just like diluting the money supply, the dfollars become less valuable over time. That diminishing price and returns will push alot of investors to move out of Doge into something else. I believe Litecoin will absorb alot of that outflow from Doge because of the connection and because Litecoin is really gaining traction now around the world especailly in the USA as securities laws are about to strangle 99% of the crypto market despite what everyone thinks of the SEC. Litecoin has gotten the greenlight. Why didnt Grayscale make a Doge Trust? Also moving forward as Litecoin gets alot more attention from big money and is utilized more as a payment method and price reaches astronomical numbers the miners will then sell all the Doge they get for Litecoin. In the previous runs they held Doge and sold Litecoin because Doge was perfoming better. Now Litecoin is about to outpace Doge and I think the market cap of Doge will probably reach a peak soon and then start its decline. An asset that is as inflationary as Doge cant continue to go up it will eventually reach a plateu and then begin its slow drop over years until Doge is below a penny again. May still be merge mined with Litecoin but itll just be sold off by miners and market will be flooded with Doge.
Off Doge topic, Also something not many people know about is Namecoin. Namecoin is merge mined with Bitcoin and has been its the first ALT that Satoshi and Vince worked on. No premine, no founder so essentially namecoin is the same as Bitcoin with the same security over the network because its merge mined. Actually Namecoin hashrate is higher than Bitcoins sometimes. Anyways good luck out there people and stay profitable.
This below is what Namecoin is. Ever wonder why Trezor hardware wallet includes Namecoin and still has it on there? Namecoin will probably comeback because its super secure and its original reason for creation was a great idea. Keep an eye on Digibyte also. Jared Tate stepped down not long ago probably getting Digibyte ready for SEC regulations.
www.namecoin.org/docs/faq/
As for why I believe Doge holders will eventually leave Doge for Litecoin is this. For one there has been talk for years of Doge going to POS. This would make Doge a security. Second is because Doge has an unlimited supply and is very inflationary with over 14 million new coins created every day, no big money wants to invest in something that inflationary. Doge's price will eventually reach a plateu it cant go up forever. After the plateau it will start to decline in price becuase of the inflationary nature of it. Its just like diluting the money supply, the dfollars become less valuable over time. That diminishing price and returns will push alot of investors to move out of Doge into something else. I believe Litecoin will absorb alot of that outflow from Doge because of the connection and because Litecoin is really gaining traction now around the world especailly in the USA as securities laws are about to strangle 99% of the crypto market despite what everyone thinks of the SEC. Litecoin has gotten the greenlight. Why didnt Grayscale make a Doge Trust? Also moving forward as Litecoin gets alot more attention from big money and is utilized more as a payment method and price reaches astronomical numbers the miners will then sell all the Doge they get for Litecoin. In the previous runs they held Doge and sold Litecoin because Doge was perfoming better. Now Litecoin is about to outpace Doge and I think the market cap of Doge will probably reach a peak soon and then start its decline. An asset that is as inflationary as Doge cant continue to go up it will eventually reach a plateu and then begin its slow drop over years until Doge is below a penny again. May still be merge mined with Litecoin but itll just be sold off by miners and market will be flooded with Doge.
Off Doge topic, Also something not many people know about is Namecoin. Namecoin is merge mined with Bitcoin and has been its the first ALT that Satoshi and Vince worked on. No premine, no founder so essentially namecoin is the same as Bitcoin with the same security over the network because its merge mined. Actually Namecoin hashrate is higher than Bitcoins sometimes. Anyways good luck out there people and stay profitable.
This below is what Namecoin is. Ever wonder why Trezor hardware wallet includes Namecoin and still has it on there? Namecoin will probably comeback because its super secure and its original reason for creation was a great idea. Keep an eye on Digibyte also. Jared Tate stepped down not long ago probably getting Digibyte ready for SEC regulations.
www.namecoin.org/docs/faq/
Comment:
Sorry for the delay. Had some storm and power issues. So short term Litecoin looks pretty good its holding the line fairly well. There is some obvious and purposeful selling to keep price down and I think i have an explanation for that. Ill put it at the end of this.
Looks like short term we come down to tap the trend line at $93.70 or so. If Litecoin breaks below $93 on the hourly then we may come down further to $88-$87. There is a head and shoulders that has formed but its kinda wacky so Im not putting too much confidence on it playing out. If we get to $87 then the H&S played out probably.
4 hour MACD and RSI are bearish so this slight drop is more than likely going to happen.
On the weekly we still look amazing. MACD is super bullish, RSI is super Bullish. Above all major moving averages. Golden crosses, silver crosses up the wazu. Litecoin will go straight up at any moment. These dips will be short lived and only to flush out longs and liquidate shorts. Itll be crocodile teeth all the way up. Volatility is also increasing.
I have a theory about who is keeping Litecoin price down. Lets take a look at Biotcoin Cash for a minute. Bitcoin Cash was invented by Roger Ver to be used as the payment method for crypto. Faster, bigger etc. Well his project has a competitor and that is Litecoin. Litecoin is actually used as payments more than any other coin which probably pisses off Roger. Notice when Litecoin drops many times Bitcoin Cash spikes. I think that fool is selling heavy amounts of Litecoin so he can keep his piece of shlt afloat.The guy is a sleezer so it wouldnt surprise me if thats what hes doing. Anyways thats just my theory, could be wrong. Dont forget Bcash was 51% attacked. Any crypto that has had a 51% attack in history has shlt the bed over time. No big money will touch it and probably wont get an ETF because of the security issues and vulnerability to attack.
Thank you all for your support.
Looks like short term we come down to tap the trend line at $93.70 or so. If Litecoin breaks below $93 on the hourly then we may come down further to $88-$87. There is a head and shoulders that has formed but its kinda wacky so Im not putting too much confidence on it playing out. If we get to $87 then the H&S played out probably.
4 hour MACD and RSI are bearish so this slight drop is more than likely going to happen.
On the weekly we still look amazing. MACD is super bullish, RSI is super Bullish. Above all major moving averages. Golden crosses, silver crosses up the wazu. Litecoin will go straight up at any moment. These dips will be short lived and only to flush out longs and liquidate shorts. Itll be crocodile teeth all the way up. Volatility is also increasing.
I have a theory about who is keeping Litecoin price down. Lets take a look at Biotcoin Cash for a minute. Bitcoin Cash was invented by Roger Ver to be used as the payment method for crypto. Faster, bigger etc. Well his project has a competitor and that is Litecoin. Litecoin is actually used as payments more than any other coin which probably pisses off Roger. Notice when Litecoin drops many times Bitcoin Cash spikes. I think that fool is selling heavy amounts of Litecoin so he can keep his piece of shlt afloat.The guy is a sleezer so it wouldnt surprise me if thats what hes doing. Anyways thats just my theory, could be wrong. Dont forget Bcash was 51% attacked. Any crypto that has had a 51% attack in history has shlt the bed over time. No big money will touch it and probably wont get an ETF because of the security issues and vulnerability to attack.
Thank you all for your support.
Comment:
Hello friends. Litecoin is still on track for a massive breakout. This is the just the chopchop period where people get chopped up before the break. Also some very large youtubers are starting to talk about Litecoin. One who used to talk crap about Litecoin said he started accumulating. Litecoin is getting into the spotlight again as it should. Litecoin is going to be a superstar this run. Good luck my friends.
Comment:
Sorry about the lack of updates. We're just going sideways not much to update. Everything is still the same. For those of you who think were going to crash I just want to show you where we are with a simple chart below. Dont get shaken out right before the parabolic run up through the rest of this month next month and all through summer.
Comment:
This is quite the flush my friends. Double bottom on RSI looks like this will go up from here. Lets see though, catching falling knives is dangerous. I bought some at $82.50
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Comment:
Gnarly drop, almost exactly 20% like the rest of them as you can see. Did you buy or sell the dip? Hourly RSI is way oversold and curling up on the 15 minute. This came down and touched the .5 perfectly.
Comment:
Trying to find a fractal and these two come up. Not sure where exactly we are in this cycle but hopefully its the higher one. Main long term target is still in tact in the thousands but at the moment could see a drop or go straight up.
USA, Iran and Israel are playing hopscotch and yesterday their game got serious so who knows what could happen from here with the markets as a whole in the short term.
USA, Iran and Israel are playing hopscotch and yesterday their game got serious so who knows what could happen from here with the markets as a whole in the short term.
Comment:
Careful here guys Im not sure exactly but if we break the .5 again then LTC could come back down to the 236 at 68. That would be a gnarly washout and then it launches after that? I dont know but this war crap could postpone the bull run for another month. The sell in May starting early? I dont know, I have a buy order in at $68
Good luck not financial advice.
Good luck not financial advice.
Comment:
Im not sure where price action will go from here in the short term my friends. These black swans suck. Israel is getting attacked by Iran and all that jazz. Depending on what news comes out or if theres some sort of attack here in the US the markets will tank. Could see Litecoin come back down to $42. I have multiple buy orders down there so its buy the dip for me. My long term target is still in tact in the $10-15k range unless we go to nuclear war then this is the last of my worries.
Comment:
Everything is still on track. We're just going sideways in consolidation chopping up the paper hands and bad traders. Im in the middle of a move across the country so i apologize for the lack of updates. If something big happens Ill be here regardless but as I said earlier my targets and previous long term analysis is still on track. Good luck out there my friends.
