LTCBTC - Litecoin Halving Revised Chart - Top Reached at $60-64 Time for a Retrace?
Hi all, before we get started, like by hitting the button on the right and follow us to show us appreciation for the work and to receive further updates on Litecoin throughout the road towards the halving!
Since our last update, Litecoin broke the bearish H&S we had...
Golden cross? Check!
Major EMA's as support? Check!
Above cloud? Check!
True golden cross? Check!
FA catalyst! Check! Halving ;)
Positive sentiment? Check?
Bulls are in control! LTC will break out imo. However this is not the moment to go for a long position IMO.
Let it retrace to .236 or even better .368 fib level. Once LTC breaks out, other high caps will...
And again, everyone starts drawing the arrows down, lol. Everytime BTC makes a pause, the traders come out and draw the arrows pointing down, to at least 6k now from 8.5k.
The dump at 8.5k wasn't strong enough. The reaction was weak, as if the resistance wasn't even that important.
The same happened at the mighty 7.5k resistance area, which tunred out not to be...
One cannot deny that Litecoin has performed remarkably since LTCUSD bottomed in mid-December of 2018. Since then, LTCUSD has appreciated by nearly sevenfold, outperforming most major cryptocurrencies including Bitcoin.
That being said, while I am still a Litecoin bull, LTCUSD needs to continue to show strength as we approach the resistance levels which were...
I thought it was time to make a longterm chart, with all these wrong charts going around, hehe.
They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue...
Litecoin’s blockchain is set to undergo a mining reward halving in August this year, as it is programmatically designed to do so after every 840,000 blocks are mined or roughly once every four years.
The process is aimed at controlling inflation by reducing the rewards for mining on the blockchain from 25 coins to 12.5 coins and seems to have put a strong bid...
I am a BTC bull, but I see far too many overly optimistic price projections on tradingview.
They seem to draw an exponential channel, instead of the current one, that is curved.
While of course it can be that BTC goes out of the current channel, and bursts through the upper resistance, thus reverting back to its original exponential trend,
I like to be more...
This is the long term logarithmic chart of BTCUSD providing a complete outlook of the halvings, reward phases and market cycles. All those parameters are much needed in anticipating and most of all timing the price action within the parabolic pattern.
Bitcoin cannot of course keep growing exponentially. The log ensures that its growth is decelerating on the long...
Hope you enjoy this.
All is in the chart really.
I expect $LTC to keep pumping to $215+ by early July. Then a massive dump will follow a few weeks before the halving.
Litecoin tends to hurt many many fomo people - it goes bearish a few weeks before the halving, while everyone expects it to pump up until the halving.
It's a good trade now, and safe...
LTCUSDT - Litecoin Halving Revised Chart - Top Reached at $60-64 Time for a Retrace?
Hi all, please like the chart and follow us to show us appreciation for the work and to receive further updates on Litecoin throughout the road towards the halving!
Update 2: The top has been hit at $60-64 which was a good sell area as advised yesterday. At this moment,...
This chart incorporates the Bitcoin's market cycles inside the parabolic shape factoring in the halving effect.
The halving has so far occurred after the bottom of each market cycle was made so based on that (next halving May 2020) the new bottom should take place inside this February - April.
What is even more important than that is the lengthening of each...
I've been taking a look at Monero, and this coin looks interesting:
1. It didn't climb a lot since the low in December
2. It XMRUSD basically looks EXACTLY the same as BTCUSD
3. It's doing the same as bitcoin, but lagging behindt
4. It's now where bitcoin was 1-2 months ago
5. The coin itself is interesting because of fundamentals, anonymity etc
So, I have to...
I am more conservative on BTC normally and think we'll hit the ATH sometime in 2021, at around 100K, maybe 150K with luck.
It's better to be conservative imho, than to be overly optimistic and then be disappointed.
However, there is a slight chance, that BTC does something crazy, and this ultra bullish scenario would qualify as something like this for me.
I was also taken by surprise that the bullmarket started earlier this time, than back in 2015.
Back then, we had a whole year of consolidation with a classic Wych accumulation phase for the whole year of 2015.
With two shakeouts.
A look at the monthly picture tells us, that the monthly Stoch RSI is already starting to rise sharply, going above 20.
We need some more confirmation before we enter a short position here but we have spotted the following on the LTC/USDT charts
- Weekly orderblock resistance
- daily multiple bearish divergences
- Risinging wedge
- declining volume on rise
- already x6 since bottom
- Previous weekly formed an indecision candle against resistance
We are now 56 days before halving,...
It's always good to remind ourselves of the longer timeframe picture.
This monthly candle started strongly green, so the monthly stoch RSI is already moving up.
This here is the monthly view of my other idea with the longening of the BTC cycles:
I am still not...