Litecoin's current uptrend has shown healthy support and continues to follow this direction
Healthy pullbacks and support in between each threshold
Previous support at $200 and current support should build up around $250;
Expected support should be around ~$235 and expected resistance should be around ~$275
Psychological resistance is at $300, so we'll watch...
There's a lot going on in this chart and we'll break it down and end with a summary.
LTC showed strong support in the $130 range and broke out past the $150 resistance line leading to the recent peak of ~$240.
We experienced a healthy pull back testing the $150 to $200 range where $150 has become support and $200 as resistance.
Looking at the short term, we...
LTC's chart has always struck me as BTC's shadow chart because they usually look very similar and this makes sense seeing as LTC has the strongest correlation with BTC
LTC is showing a Symmetrical Triangle -- a Wedge -- moving mostly sideways right along side BTC
Upper Resistance area has been around ~$180 while the lower Support area is between ~$120 and ~$130...
BTC broke the psychological resistance, but without consistency, and I'm in the opinion that it can not be sustained for the long term
I'm not sure where the top will be, so I based the potential run on the last bull run that happened in late 2017 while taking into account
that there are bigger players in the market now. I've kept in mind that the...
Bitcoin showing signs of weakened momentum while mostly trading sideways for the last 3 weeks
Current Support has held at $18 k while strong resistance has repeatedly rejected moving past the $20 k mark
Well past the fair value point based on Linear Regression which points to a bubble that will fizzle out over time
22% drop down to 20 Week EMA is possible where...
Litecoin project showing strong momentum as long as Bitcoin holds its weight
I'm hoping it holds its initial support line avoiding a bearish future if we see a retracement
With Mimble Wimble Testnet active supporting privacy features and new blockchain based apps supporting litecoin, Litecoin's future looks bright
Regardless, I see Litecoin as being Bitcoins...
Bitcoin seems to have enough momentum to make to $20k over the course of the next few weeks
Time will tell if this is to become a reality
The market seems to support this so far, so all we can do is wait and see for now
Bitcoin seems to be on track for a $20k
As long as the current breakout trend continues for bitcoin, we could see $20k before winter officially starts
If we see a valid correction before this happens, we could see it as early as next april or even as late as next august
Bitcoin lost its bullish momentum and the bears have taken over.
I'm looking at personal buy opportunities that might be somewhat reasonable from where we are currently.
Critical support areas are the main trendline (solid off white line), the 33% support line, and the 50% support line from $20 k.
Speedlines at 33% and 50% could become potential support lines...
Using the Gann Fan to sift out potential areas for going short and/or long based on potential long term support trends on a log scale.
33% and 50% speedlines based on the current uptrend shows potential areas for a correction should we lose momentum.
If the long term trendline is violated, potential support at 50% from $20 k could play a key role should things...
Looking at Basic Trends using All / Weekly for All Time Trends using Log Scale
Support Trend Line from 9/27/15 to 11/23/20
$20 k Resistance
Support Retracements at $6.7 k, $10 k, and $13.3 k
Support Retracements at ~33%, and ~50%, and ~66% from $20 k respectively
Support Trend Lines showing repeated vertical action with RSI @ ~85% at critical peaks
Looking at basic trends using YTD / Daily for past 30 days
$20 k Resistance with Support Retracements at $9.9 k and $13.3 k
Percentage Retracements set to 33% and 50% from $20 k respectively
Support Trend Lines from $10.9 k to $17.9 k
Support Trend Lines showing vertical action with RSI @ ~85%
Speed Support Lines from $10.9 k to $17.9 k