Litecoin - End Of Year Price target: 500-1K (USD)
Hopping on the LTC train here! Here's my outlook of it: Price seems to be consolidating and creating a bullflag. As you can see from the previous pump, price retraced to the 0.382 level, created a nice bowl and bounced back up in about 2 day period. I'm expecting a same trend to fold here. BTC dump few hours ago allowed LTC to test the support at the 0.382 level...
To my eyes this is raw power, to stands it's ground in the face of multiple falling markets and to shrug it all off so easily should be as clear and straightforward a signal of intent as you'll ever get in this business. People seem to be watching the LTCUSD charts instead which is pointless imo, of course LTC USD price will erode via BTCUSD...but LTCBTC is the...
Short term short opportunity has presented itself in the form of a SHS pattern, which formed as a result of the recent upswing in price and volatility. Neckline to peak measurement suggests we could retest $42.29 (.236 fib level). However, I believe that support at the $44 level will hold, and serve as a base to continue the climb upward. Based on LTC's past...
Maybe one more arched back, and one more solid push
LTC has been coiling up for the past few weeks on several intervals. On the longer intervals (1h and up) we've been seeing a lot consolidation in the $20-35 price channel. While on the shorter intervals we have seen a inner consolidation pattern since our last test of the $30 resistance zone. Finally making a move and breakout of the soft resistance at $28, LTC is...
Ultra rare pattern, there isn't even data on when this pattern last occurred. BULLSIH