SandwichMaster

SandwichMaster

I'm watching to get a somewhat clear idea of when (or if) LTC will breakout of current short-term downtrend. Overall LTC is still very bullish, so my guess is it will break out of this downtrend soon. I'm trying to wait as long as possible to go long, so hopefully this chart can help with that.

SandwichMaster

There is a lot of consensus that LTC is looking bullish in near future. I put this chart together to give myself some possible price points. I've seen some great charts recently with larger channels and there is a lot of chatter about LTC hitting a new ATH soon. I hope to see it, but I am looking for 50 conservatively. I have not seen any charts recently...

SandwichMaster

I made this chart to look at current support and resistance for the near future. We entered a new upward channel when LTC clearly broke though the 44 resistance a couple days ago, and are now looking to test at 48. If it breaks through 48, could move up to 55 again as it did during the fireworks on 4th of July! Of course, prices drop below 44, it could return to...

SandwichMaster Updated 

Litecoin is going to have to break through some heavy sell walls in order to break through the next resistance! If it is able to break through it should shoot up to 45, where it will test again. If LTC is not able to break up, it could drop to it's previous level around 39-40. With all of the uncertainty right now, is hard to say if some BTC money will be dumped...

SandwichMaster Updated 

Litecoin seems to be following a pattern within channels. Put this together just to get an idea of some possible pricepoints

SandwichMaster Updated 

Here are some possible LTC price points in the upcoming week based on the downtrend pattern from the last 10 days. These #'s line up with some kingpin analysis that I've been reading for a couple weeks now.

SandwichMaster Updated 

Just watching the current downtrend pattern to see if it holds for the next few days