jbutler7

jbutler7

You all know how @satoshilite called the Litecoin top and bottom? Well he has spoken again! We have decrypted his last tweet, translating cryptic emojis to English. "All time high by 10th birthday," and Litecoin's 10th birthday is next October. We need no more information than this chart to see that the next ATH price should be around $1,300 - $2,300. Call me crazy.

jbutler7

My main focus here is the RSI, everything else here looks bearish. I hope I'm wrong. Guess I should buy some more.

jbutler7

I never really thought we'd be touching this red ascending support line, at least not this soon. It has acted in the past as major support for widely volatile selloffs, and this time the fear is no different. Let's hope this holds, otherwise who knows where a bottom could be?

jbutler7

Been a while since we have tested the 200d EMA. Last time we did, we dropped lower to the 50 then witnessed an excellent run and a golden cross prior to LTC's 2019 halving. Now we will probably rely on hype around BTC's halving for further movement upward this year. It looks so similar to early 2019 you're silly to miss this opportunity to profit in sats, lites, or USD.

jbutler7

This chart looks a bit on the weaker side. RSI trending down. 200w EMA didn't break out, and 50w EMA may also show some resistance. Too much excitement around other alts pumping (DASH, ETC, and a few others). Currently testing a year+ long bullish trend now, if that breaks (which I think it will), alts will start flexing. BTCUSD may too, but not as much. Then...

jbutler7

No development. No community. No one cares about Vertcoin anymore.

jbutler7

Self explanatory.

jbutler7

The only thing concerning me is being on the higher end of the RSI right now. But peeking above moving averages and those solid bullish trendlines are looking nice.

jbutler7

This looks like the last low based on this random channel I drew. We hit the bottom of the green part of the channel, and also oversold on RSI. Now that is happening again about 6 months later. This coincides with some fib levels too. Do we bounce up from here in a little bit (maybe 01/2020) or do we do what I think we'll do and trade sideways for a few more...

jbutler7

Do. Or do not. There is no try. Just adding my 2 sats to the equation. We are currently holding above the 50w EMA, but the 200w EMA is far below by about a 45-50% drop (4500). I have drawn a long term trendline which BTC broke below and tested the 200w EMA perfectly before rising to 14k. Now we are breaking below it again. The 50 EMA is acting as stronger...

jbutler7

Pleased to see SoFi supporting Litecoin on launching its crypto trading platform! Now, for the charts! LTC is bouncing almost perfectly off these fib lines. Didn't anticipate us bouncing off resistance back to 50 from 80. I see now that that was strong resistance because of the 50w EMA and rib added confluence to that resistance area. We could possibly see lows...

jbutler7

Okay okay so technically this is facing resistance at the blue EMA line, so you wanna long on breakouts above resistance and not into resistance... high volume bla bla bla. I've never really charted a long chart before though, and it just looks like something is brewing is all I'm saying here. Enjoy the gains!

jbutler7

Could this be a great buy? Time will tell. With BTC.D charging higher and this ratio going lower, I wonder if it means the death of DGB or the start of a massive rally. Part of me hopes it's the death, and the other part of me hopes it's a huge rally. Death because there's too many alts out there (but DGB is among the better ones) and rally because I still am...

jbutler7

Honestly I've never charted BTC dominance before so I'm just taking it like I see any other chart, and my position on it is currently neutral-to-bearish. Here is the monthly chart, and I see some big resistances overhead. The first is coming from the 50 month EMA, which is very closely matching up with the fib lines I have placed (2.618), adding confluence to...

jbutler7

*Not financial advice* Let's dive in. I mainly am relying on the RSI and fib retracement tool in this analysis. I believe that this pair is almost too predictable now, we are soon going to begin a rise back up to .018+. I don't really have a top target just yet, I'll explain why after I reason why we are going up: Weekly RSI is oversold, which builds confluence...

jbutler7

Short term prospects are not looking good for Litecoin here. Let's look at why. Here are some updated thoughts from my last chart idea: -We've already dumped a good sum obviously, but on the weekly there's still room for the RSI to go to oversold territory before recovering, but there's not much more to go yet. Sentiment and fear are growing. As I've observed, on...

jbutler7

Gotta run right now, might update this later, but a few key things I've noticed here: A looming death cross on the daily (50 and 200d EMAs) that may/may not happen Head and shoulders with neckline area drawn in yellow Descending triangle (slightly bullish) Increasing momentum on RSI and MACD (also slightly bullish) Very low volume, signaling potential volatility...

jbutler7

We are riding too close to this support level, and if we crash through it there's nothing to hold it up anymore. That is a HUGE gap to fill. I am not predicting this will happen, but for all you hodlers out there, DGB has not done anything this year except drop in USD and BTC. Now that everything is dropping it could tank even more, so buyers beware. This is...