MagicPoopCannon

I Hate To Say It, But I Told You So. Litecoin! (LTC)

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Hi friends! I just have one question: Do you see? Do you see why I am a master analyst? I don't want to boast, but it's important to highlight the value of my analyses. Practically every single call that I've made, is 100% accurate. If you doubt me, review my old charts. They never lie. If you want to learn how to trade like a legend, please follow me, and allow me to teach you the way.

Looking at the four hour chart for Litecoin, we can see that it has fallen back into the small falling parallel channel , and is now piercing the pink support level . If you recall, I told you that the bear flag would likely send us lower. I also gave you the pattern that I recognized, between volume troughs, MACD bearish crossovers, and corrective moves. You can see that each time a volume trough was made on the chart (red arcs,) which corresponded to a bearish crossover on the MACD (red circle,) a corrective move followed. I think you would be hard-pressed, to find another analyst on this site, who masterfully recognized that pattern. Now, we can see that LTC continues to fall from the bear flag , as it will likely continue lower, to form another lower low on the chart. Support lies at the pink trendline , and then below at the 78.6% retrace. Below that, LTC should drop to the bottom of the big blue channel. Stay on your toes friends. The bears aren't done.

This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-MPC loves you-

-JD-
Do you have a new forecast? I have found that I quite enjoy reading your posts, Great sense of humor.
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still waiting on that 105.94
+3 Reply
@cryptohop, And how many predictions have you made correctly?
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cryptohop caytonmcdonald
@caytonmcdonald, I just said I'm waiting on 105 so I can buy. Sounds dreamy.
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CryptoOmar cryptohop
@cryptohop, if it follows the chart, 105.94 wouldn't happen for at least another couple of days. Right before the futures.
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cryptohop cryptohop
@cryptohop, my limit buy at 105 triggered last night.. what a bloodbath! Looks like it went to 100. You were wrong poop. LMAO.. what a call ..... props
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Wow - you are quite an arse.
+1 Reply
I see support around $134.00. Not sure if it will go under that. The only thing that could bring the price below that support is the expiration of the CME Bitcoin Futures on Jan.26, so we'll find out between the 25th and 26th of January. Either way, it's a buying opportunity. Thanks for sharing your ideas!
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Will you please add a BCH/BTC analysis to your mid/long term projections?
after reading every article at : http://bitcoinandtheblockchain.blogspot.com
over the last 3 months, I have been converting my BTC holdings into BCH. selling the spikes like coinbase day last month. Since BTC and BCH are often inverted due to the fear of dragon slayer and the flippening or cashening as I bought some LTC because of the Facebook rumors but after reading your post, I am thinking of converting my LTC into BCH. also be happy to tip BCH if added to your review.
Puddles
)'(
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Best chart guy I have ever followed. Spends quality amounts of time explaining his mechanics and forecast. Been charting and trading for 6 months thinking I was,"smart" in an easy bull market to realize I was walking across a broken bottle road now. :) My poor LTC.
+1 Reply
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