martintravis

martintravis

Here is my idea for litecoin for the next 2 weeks lets see how it plays out.

martintravis

Let the games begin Ladies & Gentlemen.... LTC finally breaking out of a massive descending wedge its been in since May. Lets hope this one holds.

martintravis

Declining volume at support within the falling channel. Looks good to run to $200+

martintravis

I've been using sequential 9's for half a decade now and whenever you see a green 3 with a red candlestick it usually signifies a hefty downfall. Granted we haven't closed this monthly candle yet but if it closes as a red candlestick with a red 2 I think we tap previous support in June at 30k then continue bobbing then down ultimately to 12k.. Also not posted but...

martintravis

Looking on the 3 day chart you can see that RSI has almost touched 34. Right where it reversed in July. Volume is declining similar to what occurred in May - July. My green buy box is between 100-119. I'm betting on a double bottom. Let me know what you think?

martintravis

update from my idea over the weekend. Looks like its playing out over this week. Long targets are in the green box. Expecting to start seeing bullish RSI divergences forming once we break below 140.

martintravis

With indicators showing major oversold signals.. I'm expecting a dip into this green box to form Bullish RSI divergences. This will also clear out overleveraged longs that longed at the bottom of last week. It will also clear out shorts that will be shorting with a break below 148 when it pops back up. With it being the weekend I fully expect the break down and...

martintravis

The chart pattern is almost identical on the daily as it was back in September. Forming a nice fractal pattern as you can see all the way down the very similar RSI movement. I drew where I believe we're headed over the next few weeks provided we keep the white line which has been trend support ever since we bottomed out in July. Let me know what you see?

martintravis

Trendline support sits at about .0034 while resistance sits at about .0038 would like to see a break above it. My prediction with the arrow.

martintravis Updated 

Ideally we want to see this play out. Let me know your thoughts.

martintravis

So far it looks like we've gone from greed to fear in 3 days on the bitcoin fear greed index. We also have a giant hidden bullish rsi divergence on the 6 hour. Bouced off $200 support Macro outlook looks unchanged the DXY is dropping today, SP500 is like $2 off the all time highs. This definitely looks engineered by whales to take your coins. The bullish...

martintravis

This is what I expect to happen for LTC. Full Send SZN for LTC

martintravis

could it be this simple? We like to bounce off the 8 hour 200 MA in a bull market. We are currently hovering around the 200 MA right now... Perhaps a bit more invoking of fear over the next few weeks before lift off. Litecoin will melt faces this year. Pending that the global market situation stays fairly unchanged. Lots of big things coming to LTC in the next...

martintravis

2 likely short term scenarios for LTCUSD LTC is looking very bullish. It has a lot more ground to cover than ETH so I'm expecting quite a large jump over the next couple of days weeks for this coin. Will do a larger outlook later this week.

martintravis

Went back and charted the btc halvings to each start of bitcoins bull and bear markets. Blue vertical line is the bitcoin halving. Red vertical line is the start of a bear market. Green vertical line is the start of a bull market. Couple things to note is that each bull market tends to be about 730 - 1050 days Each bear market tends to last between 360-420 days....

martintravis

Heres what I'm thinking is going to play out. A drop to the high 90s low 100s. At that point I expect a rsi divergence on the daily which should catapult us up to retest the top of the channel. Hopefully break upwards at that point and aim for 220 resistance.

martintravis

Looking at the graph A & B you see some similarities. 1.) The drop in both was close to 70%. 2.) You will also notice the volume candles highlighted in yellow. Only time in LTC weekly chart that you see that similarity in decreasing selling volume candles 3.) MFI and RSI seem to be following similar patterns to the 2017 crash. IF I had to take a calculated...

martintravis

So my previous litecoin chart played out. We hit the yellow trend line. We're currently sitting just underneath it and inside a rising channel. 2 potential scenarios that can play out drawn with the red arrows I am leaning towards a retest of 157 before a continued move up. Let me know what you think. Will link my previous LTC chart below