IOST has loads of resistance against it but could easily cut above 300 sat level should the opportunity present itself. If denied, supports are laid out below as ideally the market has bottomed overall in this 2018 downtrend.
Under the bias that the market has bottomed and is moving sideways/in accumulation, another coin worth looking at is STRAT. OBV climbing on a rounded bottom reversal is just pending a higher high however has already gained loads of momentum. Expecting Sept/Oct 2018 to be a good few months for STRAT.
After dropping nearly 30% in its most recent drop (early July), ICX has been recovring and building a strong base. Expect bullish reversal continuation and a climb back to regain lost ground over the course of Sept/Oct 2018. This is under the bias that the market has bottomed and as a whole is reversing to the upside for end of 2018.
Resistances will prove to be tough in Litecoins uphill battle pending possible reversal confirmation. After hitting a low in the .008 region, I expect to see slow climb to .01, denial and the continuation into the .011 region + over the coming months. This is with the bias that the market has recovered and is moving sideways/accumulating for the next 2-3 months.
Self explanatory - for all those who follow trends based on calendar / solar events
Standard wave analysis of market cycles. Search 'Wall Street Cheat Sheet' on Google Images for the reference this is built on.
LTC below Kelt Basis and middle BB, suggesting a fall to the lower kelt and even lower BB at .008 as imminent over the course of the next few months When an alt coin is falling like that in its relation to bitcoin we can assume 2 things: 1) Bitcoin is falling, but LTC is falling faster 2) Bitcoin is gaining quickly & LTC is not keeping up With recent market...
-BBands bearish expansion on majority of low time frames. -Kelts / BBands suggesting possible bottom around .0145 This implies if Bitcoin falls, LTC will fall faster.
Coinbase news + falling wedge (ETCUSD (Not shown here)) appears to be setting the stage for a large ETC run in late 2018. Also check out the obvious OBV bull divergence on the 1wk. Makes you wonder who knew what @ Coinbase.
Predicting when and where the next bull run begins is up in the air. But the 2 things you'll see are listed below: 1) Lower low -If you follow Wyckoff, you'll understand that any jump out off of a 'floor' requires a 'spring'. Whether or not we have even started accumulation or if we are still distributing may be up for debate. Regardless, when accumulation...
Falling to lower BB & Kelt intersection on 1wk chart.
Rejected from 20MA on BB's and now fallen below basis (middle kelt) on 2wk chart. Next best chance to re-try the middle BB & Basis will come after touch to lower kelt @ approx $5100. This is also where the 30MA is. Unfortunately thinking we see $5xxx before $8xxx. Range on 2wk candles is large enough for smaller plays.
1wk chart with Heikin Ashi has been pretty predictable. High reaching the close of the 2nd previous candle. Volume profile in sync with price action (good news for bulls)
Despite it playing out wrong (instantly as I posted it), last chart posted broke down a possible drop to $6.9k prior to a move to $8.3k The call for a drop was wrong apparently. If 1D chart can clear $7630 (above previous close, 7MA, Keltner Basis, Middle BB), it should be a relatively quick trip to low $8.3 range by EOW The mystery of the 6th of the month and...
Majority of reasoning on chart as to why a drop may happen but TLDR: Price showing bearish signs, although we are consolidating nicely. Should be in the $8.3 range by EOW.