Litecoin ready for a next bull cycle? { LTCUSD } for BITSTAMP:LTCUSD by cybernetwork

trendanalysis centeredoscillator flagpattern aeondrift lividitium fusiongaps majestic dynamiclevels fibonacciretracement bullflags litecoin ltc

Completion of a Bull Flag Formation?
See chart

Candle range of the Majestic-X oscillator custom set to 15 candles: Bullish pattern emerging, coinciding with previous significant pumps as well.

Comment:

Despite of the recent "fud", I still feel that LTC is a nice hedge against BTC since "Satoshi" very likely doesn't own any stupid amount of LTC + just in case Satoshi = someone like Paul Solotshi.

But also have to count on LTC not dumping along with BTC if that turns out to be the case. I do believe that in such an event, after an initial brutal dump, we may very well see LTC (and other similar "currency focused" decentralized blockchains) decouple from BTC.

Comment:

Note: The Fib-retrace top level was accidentally shift and hence invalid.
Here's the corrected one, with a possible trading ranges specified; but need to closely monitor other indexes such as the RSI, STOCHS, MAJESTIC, FUSIONGAPS, AEONDRIFT, Ichimoku Cloud, etc. as the chart evolves in time.

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