TheKingOfAces

TheKingOfAces Updated 

I am going to say that if we have not touch the bottom yet then we are very, very close to doing so. If you look at my previous analysis you will see that I was calling a low on LTC at around $81. LTC reached the $81 and even went lower into the low $70's. We are in a very important pivotal moment here. A break lower than $70 will open up the possibility of a even...

TheKingOfAces

I didn't think that Litecoin was going to drop below $65, but here we are sitting on around $55 after touching the $49's. The thing is that Litecoin is not done yet and we most likely see another drop down to the $33 - $37 levels. Lets just hope those levels hold, because I cant see nothing else supporting it until we get down to the $7.

TheKingOfAces

BTC has seen a very nice uptrend here in the last month or so, going up over $2k since its low back in the end of June. We most likely see BTC keep moving up here in the next week or so and potentially touch the $9.2 - $9.4 levels. But as you can see from this chart, I still see one more drop down to finish the 5th and final wave which should have BTC test the low...

TheKingOfAces Updated 

Well, I believe LTC is very close to the end of this Great correction. Even though I am still on the fence whether or not LTC will touch $81 - $83 range, I still think it could take off at any moment. In my opinion BTC will be going crazy in the next 4 to 6 months, so as we all know ALTs will follow and LTC will scream up like crazy as well. I am being very level...

TheKingOfAces Updated 

As you can see from this chart I am very optimistic in the long run for BTC. Yes it has been a long dreadful correction for the crypto world, but honestly this is actually real good for the future growth of cryptocurrency and if history is any indicator, we should see a very nice bounce back to new ATH in the next 6 months or so. In my opinion, we are very close...

TheKingOfAces Updated 

Even though in the long term I am bull on Crypto, I think we are almost ready for the final drop here very, very soon. From the looks of it we could be heading down to the low $80's maybe even mid $70's in the near, very near future.

TheKingOfAces

S&P500 has been on a rampage ever since its low of $800's back in 2008, but is the market out of rocket fuel? Well, it seems that way. If my analysis is correct the S&P500 finished a 10 year 5 wave bull run and its now on its way back to at least a 50% correction. Target for me is $1500

TheKingOfAces Updated 

Seems BTC has been on an ABC corrections ever since it got close to the $20ks. If this is true then the C wave should be 1.618 of wave B, in which case we could see a drop down between $5.9k and $6.1k.

TheKingOfAces Updated 

BTC is getting ready to have a very big needed correction that should bring it down to the $3k's.

TheKingOfAces Updated 

BTC is undecided at the moment where it wants to go. If you ask the bulls this baby is going to $6k's, you ask the bears we are going down to $1.8k's. The truth is that no one really knows, and its all speculations. But lets try to put things into perspective. What does BTC have right now that would make us think is going up and not down? Well, I will try to look...

TheKingOfAces Updated 

We might still see one last Hoorah out of LTC and push it up to the $74 on Bitfinex, but once this is done, if it does make it that high, we will see the correction down to the .618 fib retracement line at around $54 to $56, before another try at retesting ATH.

TheKingOfAces Updated 

Historical data tells us that LTC likes to retrace back to the .618 fib retracement line after big bull runs. Well we just finished a HUGE bull run from the $41 all the way up to the $74's. This has been one of the biggest runs by LTC since it was just a few months back. Now the question is, Where is LTC landing at? Well, if history teaches us anything is that it...

TheKingOfAces Updated 

Believe it or not, we might not even be close to the end of this correction. At the current moment as I write this analyzes LTC is at $52.92, which I believe to be almost the top of wave (iv) of a bigger wave (3) that should be taking us down to $20 LTC, which should be the bottom of Wave (3). Then we will have Wave (4) which should bring LTC back up to around...

TheKingOfAces Updated 

BTC is heading south and there is nothing we can do about it but to just enjoy the ride. We will see a pull back going back to the $4600, if BTC doesn't break above $4600 this will confirm the drop down to the $3k. Once BTC hits the $3k it bounce back about .382 of the entire drop, then it will test the bottom at $3k again. This is going to be a bit scary, because...

TheKingOfAces

LTC will be dropping to $50, expected to take 4 to 5 days for this to happen, the movement is slow.

TheKingOfAces Updated 

I had posted a similar chart previously, but I was using BitStamp exchange without noticing. This one is on Bitfinex and it should follow the pattern a bit better. I am expecting BTC to move up to around $4400 - $4500 wave (B) before a big drop to the $3600 wave (C) comes along. Then a run back up to wave (D) around $4200, if BTC doesn't break over $4200 then we...

TheKingOfAces Updated 

I am not going to lie, I was not expecting LTC to hit as high as it did. It took me by surprised when I woke up this morning at 2 a.m. just to see LTC hitting close to $80 on Bitfinex. With that being said, this might be the start of a big correction, starting with a stop at the $56.

TheKingOfAces Updated 

LTC has been following a nice pitchfork trend, and just finished wave 4. Wave 5 should be heading up to around the $70 to $73.