Massive bearish divergence, top of the channel, volume declining - i'm starting short position. Low 3000s as a target, might touch 2600-2800 on a panic.
If it breaks up from the handle - sky is the limit.
There were a lot of cup and handle charts on LTC lately, but i think if there is a cup and handle in litecoin, then this is it.
I'm too lazy to write a description, but the chart is pretty obvious.
Just a thing that i think might happen with LTC
Pretty sure there's limited upside in here short-term, but this wedge might bring blood to the street
Okay, now I'm seeing heads and shoulders all over the place
Last time i spotted h&s i didn't publish the idea, and regreted, cause it would be neat to be right publically, lol. Though all ideas i publish tend not to be very right, so maybe i'm shooting my self in aleg:)
Here's how i see it happening. First consolidation, whales oppening longs, strangling price from going up to much. Then perfect bounce of current chanel bottom and straight to the next big resistance area. Where we supposedly will have that stability, which @lowstrife's comparisson chart suggests
Please don't hate. Just mapping out a long-term trends and supports and resistances that matter.
Please don't hate. Just mapping out a long-term trends and supports and resistances that matter.
Please do not hate. This bulky uninformative chart is really wat i expect, but it is made just to test what it is like - to publish chart.