TonyMoontana
Long

LITECOIN (LTC/ USD) HOW DEEP IS THE DIP? (1H CANDLES)

COINBASE:LTCUSD   Litecoin / U.S. Dollar
HEY TRADERS, SINCE I PERSONALLY OWN QUITE A BIT OF LITECOIN MYSELF, I FIGURED THERE MUST BE PEOPLE AS CONCERNED AS ME (OR MORE SO) ABOUT THE RECENT DIPS. HERE I SHARE MY THOUGHTS ON JUST HOW DEEP THESE DIPS MAY GO...ENJOY.

**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**

HOW TO READ THE YELLOW-ORANGE RAINBOW:
+ IF THE COMPLETELY YELLOW RIBBON IS ABOVE THE COMPLETELY RED RIBBON, THIS SIGNALS AN UPTREND
+ IF THE COMPLETELY RED RIBBON IS ABOVE THE COMPLETELY YELLOW RIBBON, THIS SIGNALS A DOWNTREND
+ MORE SPACING BETWEEN ALL 8 RIBBONS = EITHER A BIG UP SURGE OR DOWN SURGE
+ COMPRESSED RIBBONS = PRESSURE BUILDUP, WHICH WILL RESULT IN POSITIVE SURGE OR NEGATIVE SURGE.

LITECOIN ANALYSIS:
+ TRADE RANGE = $201 - $373
+ BULLISH VIEW: PRICE WILL TEST WHITE SUPPORT AT $273 - $267 RANGE. A BREAK THRU MAY RESULT IN $316 TEST. POSSIBLE PROFITS HERE
+ BEARISH VIEW: RAINBOW LOOKS LIKE IT IS READY TO FAN OUT IN A DOWNTREND. IF SO, IT MAY BE A SMOOTH RIDE DOWN TO TEST $200 LEVEL, DUE TO MOMENTUM BUILDUP FROM LAST 4 DAYS. AT WHICH POINT...IF YOU STILL BELIEVE IN LTC...BUY BUY BUY!

PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS, I'M ALWAYS HAPPY TO HELP OUT. HOPE YOU GUYS KILL IT OUT THERE! HAPPY HUNTING MY FRIENDS.
Comment: WE SAW A LOW OF $224 OVERNIGHT, BUT WE ARE STILL WAITING FOR THAT $200 SUPPORT TEST. IF THIS LINE IS BROKEN, WE WILL SEE NEW ALL TIME LOWS. I'M TALKING LOWWW, BUY OPPORTUNITY FOR LTC HOLDERS.
Comment: PRICE REBOUNDED TO $253. WE MAY TEST WHITE SUPPORT AT $263
Comment: PRETTY DEEP DIP IF YOU ASK ME.
Comment: SEVERAL DAYS LATE BUT AS EXPECTED, WE ARE ON OUR WAY TO TEST $200
Comment: IM GOING BALLS DEEP IN THESE CHARTS. DONT MISS OUT MY FRIENDS
Suggest if you are LTC holder stop looking at the graphs for awhile cause they could strike fear
Reply
@CHagans94, hahaha i've already re-allocated half of my ltc into other investments. listen, i get it...but charlie fucked up
+1 Reply
CHagans94 TonyMoontana
@zeffgotti, yeah but you gotta look at the fact that the usd is dying and there will be new currency and as of right now thats cryptocurrency
Reply
hi i´m new to all this and am looking on buying lite it seems like a good time but i could be wrong any thoughts
Reply
@ragir, to buy in yes LTC has seen some better days so buy on dips. but beware, only buy if you're cool with seeing LTC hit $50-100 again before it takes off.
Reply
ragir TonyMoontana
@zeffgotti, Thank you very help full if you or anyone could recommend a good page to buy and exchange id be very helpfull , if not thank you any way!
Reply
@ragir, i use Bittrex and Binance.
Reply
Do you think LTC is a sell,buy or hold?
Reply
@AliAgha, definitely hold & buy dips.we won't see real gains till mid-late 2018
+2 Reply
Why look at ema ribbons for downtrend or up trend and strength when the price movement candles can tell you that
Reply
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