November - December Price Predictions: Half way to the moonSo the orange line is from my original TA's did not change anything. Readjusted the blue prediction path based on our current market price. Overall, lines up with my original analysis.
First of all ,this might be one of my weaker TA's. Very tired as of writing this with less than 4 hours of sleep. Brain dead. My last three TA's have thus far been fairly accurate and I am glad people in my group chats made $$$ and pocketed some nice change. I personally splurged out and bought my self some new pants from @bananarepublic, but hey they were 60% off, so... worth! Haven't hit that Lambo money yet.
Going to be difficult predicting the market movements as we are currently in a consolidation phase and formulating a support line between $64-68. Litecoin has been holding up fairly well considering BTC's decline of $600. We are seeing more independent movement between LTC and BTC, however, if a large BTC correction hits we can expect LTC to follow.
We have great news to look forward to from a technological advancement standpoint. We can see that Charlie Lee and the Litecoin Foundation making strides in development with lightning network, automatic swaps, etc. 2018 will be a very interesting year for this coin as more developers join the team and the FUD and FOMO of Bitcoin and its "forks" continue to progress.
NOWWW FOR WHAT YALLLSS BEEN WAITING FORR~~~~~~~~~~~~~
Current short-term analysis: Price will consolidate between $64-68. I do not expect a huge dip unless BTC undergoes another fork or some crazy shit happens, as it usually does in the crypto world. We are in a great position to go long. Resistance lines were so weak yesterday I thought we were going to bust towards $75. Sadly momentum died and we are sitting on low volume. Resistance levels are now up and the big boys are reassessing their strategy for Litecoin. It took us about 5 days to push from $59 to breaking $66. Expect the same timeframe for us to pop to $75. Yesterday was the largest momentum and buying volume i have seen in a long time. We will need the same level of momentum to propel us to $80 and beyond.
So as of now be patient with LTC breakout is imminent. You can enter 30% of your portfolio between $67-64 and potentially wait for more dips. Let's hope not. It would reverse everything we have been fighting for the past couple months. For Nov 17-20 it should be relatively quiet. BTC is down from $8,000 and we will slowly be consolidating.
$72 will be hit by next week with a possible touch of $75. You can leverage positions in high $60's then. I will update this TA on the daily for a more accurate prediction. As of now, my magic orb is a little foggy and i need some R&R.
Long-term analysis: Hold your money until $75,80,85,90. get rich. donate to someone else that is less fortunate, because you are blessed. Pass it forward
