botje11

Litecoin going Parabolic again or is it ending

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
About the daily, not going to say much because it's crypto and anything can happen. Saying this because volume is not clearly high but also not too low. Think the only thing to follow now is this parabolic shape on the right. If it breaks, i think it will make a big drop , usually minimum 125/130, but could even more, no telling because there is no target with this pattern.

If LTC bulls have plans to buy these highs, it could make a big jump up. Think if the 145/50 breaks, a move to 160/70 range should be possible. But there is not room for a slow rally, the pattern is already coming to it's end now, so it should rally a bit stronger and faster AND with good volume as well.

The triangle in the middle might help as well with predicting the short term direction. Because if it breaks down, the parabolic shape will break as well.



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Thank you david was a nice update :)
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BTC broke VERY heavily $10,00 and now have put its eyes on $11,500, the next key level:


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Hello friends!
Update situation on BTC/USD + wave count EOS / BTC.
BTC

EOS
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buy it now?
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Curious, why hasn't Litecoin been following the price movement of all other major coins including Bitcoin, especially the upwards spike over the last hours? Seems Litecoin is trading in the opposite direction. Very strange. And now Litecoin is hinting at breaking down out of the triangle above, after a fake breakout above. This market is for sharks, and sharks alone. Extremely untradeable.
+5 Reply
kardia dalmazio
@dalmazio, because Litecoin sucks. And you are right about it being for sharks. It looks more like a pump and dump coin. It's been this way for a long time.
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tiagotimao dalmazio
@dalmazio, Totally wrong friend.
Ltc was the first currency to present recovery there in February / March. Btc only broke the 4k in April.
What happens now with ltc is loss of buyer power, the same that will hit btc soon.
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kardia tiagotimao
@tiagotimao, LTC is highly manipulated by people with big bags. They have a pattern of pumping it and then dumping it every few dollars or so. It's garbage. It's better to put money in Bitcoin in my opinion and avoid LTC.
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dalmazio tiagotimao
@tiagotimao, so how am I wrong? It sounds like you are agreeing with me, that Litecoin appears to be leading the pack in terms of price action...
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