Technical: looking for a double min at 0.01160583
Fundamental: Litecoin is one of the main ledger, currently the only scalable.
With SegWit and Bitcoin’s current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock. (Charlie Lee)
In any case if we look at market depth of the main exchange for ltc, we...
Bitcoin (bitfinex) maybe be bottoming based on a potential descending wedge inverted Head and Shoulder formation.
Projection could be an upside move to about 1880 USD, but first lets worry about getting above lines 1 and 2.
If we breakdown through support we could see a drop to ~1600 USD
Watch for RSI to climb back into the upward channel to confirm a spike
We can expect a sideways consolidation, or, some kind of correction and retest of support, during the next month, as described here. Today, a support level held, and weekly is still in an uptrend for the next 3 weeks, technically, but sentiment was too positive before this drop, and we had already exceeded all weekly upside targets ahead of time, which usually...
BTC has consolidated nicely the past couple days and is now filling a triangle formation and on the cusp of breaking out.
Lets keep an eye on volume. If we can build support on the middle black trendline there's a good chance the bull resumes.
Otherwise watch for a correction down to 1730 USD
LTCBTC could see hard resistance at 0.023 BTC. Could see some price action in the red triangle until an event can take us over lines Z and A
Strong support at 0.018 for most of the trading session today.
If this region can be breached we could see a run up to 0.028 BTC (price action in the green triangle)
Watch RSI closely and lets see how the market digests SEGWIT day
As forecasted, btc breached out of the pennant on decent volume, breached hard resistance at lines x and 4 and 3, and we are currently meeting hard resistance at line y.
I bought more the first time we pierced line x.
Will look to take some off the table around lines 1 and 2.
Will hold some for longer term and look to buy back on dips.
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...
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...
We all should know how things work out in crypto-kingdom.
The composite man accumulates, the composite man unleashes hype, and the composite man dumps all during the run up and specially on hype peak.
SegWit hype is running over, it is now clear that it will be soon locked up and deployed. Miner support is overwhelming.
And we all should know too that anything...
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...
Digibyte looking bullish short-term because it's in a Segwit activation period and looks like it will get the support. Don't know what to expect long-term or if the excitement will last beyond that, but in the short term there's pump potential if this gets some steam.
Looks like a cup & handle forming, watch for a breakout past the neckline.
Supported by the...
LTC was skyrocketing until Wang Chun tweeted the (now deleted) "I'm not sure about SegWit" tweet. It took 6 days for him to retract and clarify his position, and that's when buyers shot back in. Now instead of the steep frenzied increase in price, it looks like we're holding at a new casual increase. I'm guessing this will hold until either news comes in that...
Litecoin has been on a roll lately, and for very good reasons.
Earlier Litecoin broke through a strong resistance level with high volume.
Turning the level to our floor.
Litecoin has been going down for a few years now and it seems like a perfect time for a huge pump, if the fundamentals can support it, which it definitely could.