It works ALMOST ON ANY CHART but the BEST CHARTS are stocks then other charts.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
IT CAN NOT PREDICT pullbacks or bounce backs of the price, so I strongly...
LTC is going to break EMA20 at $247 and will fall to MA at $224, if this also breaks then price may drop to critical support to $168.
conversely if the direction reverse and breaks $270 upward then we may expect $286 price for litecoin.
As highlighted we have had a macro negative trendline break which started an uptrend and now a double bottom setup finalising
The height of both of these gives us a final target at $270
However it will pullback on the way, the dashed lines being my other take profits and the small dotted lines being areas of resistance - evident as we bounced off $161
Here we go guys, setup we posted on 28th December has activated. I was in from the breakout of the green trendline slightly lower, and bought few more around 149 as the retest didn't quite pick up my bids which were closer to 146
This setup looks great to go to crazy targets of $270 as I will outline in my next post
However, in the short term all 1HR, 4HR and 1D...
there is no doubt that litecoin gonna break the 100$ in jan and even more and more higher
but till the mid of dec. we will see a red litecoin...
supports and resistance areas are listed on the chart...
trade safely , good luck