The blue triangle (lines W and X) forecasted a $2.50 cent move upward. Bottom of the current red rectangle (lines Y and Z) touched long term support line A (green). As the bollinger band squeezes, the rectangle forecasts a move of $1.90. We could find resistance at long term support line B (green) as well as diagonal trend line 1 (black) If weakness ensures...
For now I'm thinking whether we are in wave ABC or we are in wave 4 and 5. Basically I prefer we are at wave 4 and 5. For the global view please check:
To join this move, if you were looking to buy now, it is a bit late. The daily chart gave a signal, but there is always risk that the miners decide to remove hashrate and that would decrease the Segwit signaling %. To activate it, the hashrate signaling it has to be 75%, it's now around 70%, which got people excited. There is no guarantee miners don't go and make...
Think about going long with LTC. Might bounce back since candles have passed outside the lower band and RSI indicating oversold.
LTC/BTC still inside channel started in April. As bitcoin raises, most alt-coins will naturally fall in corresponding BTC value. I think we are all surprised that LTC did not respond reaching SegWit activation period. But don't panic, all is still well.
With bitcoin entering long expected bull trend, I think LTC is a long at or around .010 BTC.
Holding LTC and waiting to buy on any weakness. LTC is forming a symmetrical triangle (red lines) within a larger symmetrical triangle (top red line and diagonal lines 3 and 4). MACD is indicating a continuation downward and the RSI is continuing to trend downward. If LTC breaks below the purple trendline and the red triangle we will enter zone C where line 3 and...
Still just an amateur here, trying to read between the "lines". SegWit now at 99.8%, I'm thinking China will be pumping tonight/morning (US). Projection to hit 0.01500000 BTC.
We have seen some time LTC is consolidating, I see it is bullish because there is still news of SegWit that will in activation in the near future.
Very strong trend almost without any correction. Target is about $30-50.
LTC BULLISH BREAK OUT TRIANGLE CHART TARGET 0.0145 GOOD LUCK
bought at 0.00370, only spot not on margin. sorta looks like it's finally happening.
China is upgrading to LTC Segwit in about 5 hours from when I'm writing this. Go long. I'm in at 0.00895 BTC, even getting in over 0.01 is ok. GLHF twitter.com
Based on the letter by the owner of ltc1btc medium.com He supports segwit, with larger blocks in BTC. LTC is just paying the price for BTC politics. We should have segwit soon.
nothing changed really, still following my original projection
So i added the rest of the bells and the whistles from my original chart which some how got lost anyway. You can see the very strong upward trends over the last month. You can also see the suppression by the chinese miners over the last week or so. I've suggested some possible break out points but i really expect it to moon once it gets on Coinbase and people can...