Here's one scenario I can potentially see happen with Litecoin.
As you can see, the 1H timeframe has turned bullish for the first time since the large correction.
The last few times you can see that this has led to gains of at least 25%
Bullish move in May- roughly 65%
Keep a close eye on the 200mEMA for the DXY. The strong correlation over the years will paint a picture for future bitcoin price movement.
2003 was the last time the DXY broke under the 200mEMA and fell nearly 28% leading to the creation of Bitcoin right around the time it bottomed. Coincidence? Not at all. This is why...
1H timeframe is showing bullish divergence on RSI and histogram, while the 4H TF is showing oversold on RSI and a major overextention of the b bands. You can take a short term play here and target 10-15% to the daily mid b band and a confluence area around $140. I'm a ver long term swing trader, typically between different crypto but this dump is too hard to pass...
If you have accounts on multiple platforms that support Ethereum Classic, this is a huge opportunity for Arb trading.
ONLY IF YOU"RE ABLE TO DO IT. I'm not sure how long it takes to deposit ETC (confimrmations) on to CBP so be careful.
Litecoin has been pretty neck and neck with Bitcoin since the run up begain late last year. A similar rising wedge pattern played out bullishly for Bitcoin increasing its price by around 32% at the time of writing. A similar move for Litecoin could push it to its Feb 2018 resistance of around $250. These are short term stops along the way to ATH and beyond.
This should tell you all you need to know. $8800 is going to be MAJOR support and the b bands are set for some crazy expansion in the coming 12-18 months. Short term potential to go down based on a potential low volume fake out currently in progress, but I'm thinking the line has been drawn in the sand for the next cycle.
Amazing how far we’ve come over the last year. The world is throwing something new at us everyday, crypto took a nasty nose dive in Q1 of 2020 but has rebounded better than expected as we make our may into the new bull market.
Lets take a look at how our DGB trade is doing.
When we last touched on this we were laddering in heavy under a penny...
Beautiful longterm growth chart with DASH shows a significant breakout in progress as the wRSI(18) lines up exactly with the move during the last cycle and a break of the diagonal downtrend resistance.
We also see a bullish divergence between our price and momentum oscillator as it created a higher low on...
By analyzing the past and previous fractal patterns for Litecoin, we see plenty of similarities that could lead to a potential massive bull run for the price of LTC. First lets me explain that this is a long term pattern. Volatility will play out as always so do not invest based off of my personal opinions and do not take this as financial advice. Now that thats...
B Bands expecting to tighten over the next couple of weeks. Litecoin roadmap currently looks something like this:
Q3: volatility both bear and bull
Q4: begins the bull breakout
2021: Full bull breakout.
Expected price range for remainder of 2020:
Low $35 range
High $68 range
Possible breakout towards $100 Q4 2020....
Price can go anywhere from the previous old ATH wick around $56 and change to
our current level for accumulation.
I'd like to see a longer lower wick to signal buying pressure on the weekly
based on LTC price action in the past.
RSI will use the 46-47 range as support based on 2015/2016 pattern.