Ticker:
LTCUSD
Timeframe: Daily/All History
1- When taking a Fibonacci retracement from the all time low to the all time high we see that a possible front run of the .786 may have happened twice. Denoted by the gray box. If we were to retrace to the 1, we would see $3 litecoin, which, while I would capitalize like crazy, I don't think will happen.
2- Looking at the gray front run region we can see only wicks have been successful so far. Possibly displaying the markets value of litecoin and confirm the green support line in that area.
3- We can see a possible triangle forming from the low lows to the high highs, right now we're working our way back to the top of the triangle, where I think we may see our last reversal.
4- I'm no expert in this formation, but it's possible we're seeing an Adam & Eve forming within the triangle further leaning market bias towards bullish.
5- There's also a nice ABCDE forming in the triangle, tracing the A&E. Further making me think we will see our last reversal before our next impulsive wave out of the triangle.
6- Idk if this is a thing, but we can see a trend in volume spikes, leading me to believe if we break this triangle and confirm all of these patterns everyone may fomo into the market at once turning our wave 2 into a wave 3 and leading us to the area of the .382 retrace/extend overlap.
7- Finally pertaining to the chart, if the wave 2 is confirmed and wave 3 begins of the new impulse wave 1 up, I am almost certain we will see new highs by the end of the year.
*bonus*
8- Looking at the MACD you can see an upward cross overtaking the signal and the histogram ticking from under to over.
9- Finally, finally, the RSI is trending in a triangle that's confirmed on lower timeframes, it should break from D to E in the ABCDE correction and cool off by E leaving it under bought for the next impulse wave.
Short Term: Slightly Bearish
Mid Term: Bullish
Long Term: Very Bullish
Market: Neutral/Impatiently Bearish
LTCUSD
Timeframe: Daily/All History
1- When taking a Fibonacci retracement from the all time low to the all time high we see that a possible front run of the .786 may have happened twice. Denoted by the gray box. If we were to retrace to the 1, we would see $3 litecoin, which, while I would capitalize like crazy, I don't think will happen.
2- Looking at the gray front run region we can see only wicks have been successful so far. Possibly displaying the markets value of litecoin and confirm the green support line in that area.
3- We can see a possible triangle forming from the low lows to the high highs, right now we're working our way back to the top of the triangle, where I think we may see our last reversal.
4- I'm no expert in this formation, but it's possible we're seeing an Adam & Eve forming within the triangle further leaning market bias towards bullish.
5- There's also a nice ABCDE forming in the triangle, tracing the A&E. Further making me think we will see our last reversal before our next impulsive wave out of the triangle.
6- Idk if this is a thing, but we can see a trend in volume spikes, leading me to believe if we break this triangle and confirm all of these patterns everyone may fomo into the market at once turning our wave 2 into a wave 3 and leading us to the area of the .382 retrace/extend overlap.
7- Finally pertaining to the chart, if the wave 2 is confirmed and wave 3 begins of the new impulse wave 1 up, I am almost certain we will see new highs by the end of the year.
*bonus*
8- Looking at the MACD you can see an upward cross overtaking the signal and the histogram ticking from under to over.
9- Finally, finally, the RSI is trending in a triangle that's confirmed on lower timeframes, it should break from D to E in the ABCDE correction and cool off by E leaving it under bought for the next impulse wave.
Short Term: Slightly Bearish
Mid Term: Bullish
Long Term: Very Bullish
Market: Neutral/Impatiently Bearish
