I am making it a point to keep a close eye on SegWit activated coins, so as to chart their progress over the course of their technical development. VTC is the newest SegWit-activated coin, with 100% of all nodes signalling support. I am excited to see how atomic cross-chain swaps effect prices, and the overall advancement of the crypto-sphere. Here we have VTC in...
LTC has been coiling up for the past few weeks on several intervals. On the longer intervals (1h and up) we've been seeing a lot consolidation in the $20-35 price channel. While on the shorter intervals we have seen a inner consolidation pattern since our last test of the $30 resistance zone. Finally making a move and breakout of the soft resistance at $28, LTC is...
LTC as been in a large consolidation wave for a few weeks now, following SegWit activation and a 'sell the news'-invoked correction. LTC has performed differently than other altcoins recently, with its notable price stability - although the price has fluctuated in a wide price channel, allowing for many profit opportunities. With the wave coming to another peak,...
Solid cup and handle formation across several time intervals. Support/Resistance channel indicates possible next target of $250. I am predicting a large dump at this price, as early investors will be collecting profits. Reasoning behind this price as a dump point lies in more in psychology than in technical analysis: $250 is a nice round whole number, that is...
LTCUSD is trying to pull itself out of it's slump since SegWit activation, a likely case of "sell the news", and there are some interesting wave patterns that are developing across several time intervals. Ichimoku Cloud indicator on 5m interval shows that LTC needs to pull itself back up to retest the $30.39 (32.8% retracement from pre-SegWit high) in order to...
Completion of Wave 5 in a series of larger, more encompassing bearish waves that have ensued since the activation of SegWit. Currently in the 4th wave of a minor bull wave. Retesting the $30.78 (23.6% retracement) support level before testing the $32.34 (38.2% retracement) resistance level. Recommendation is to the let this price run confirm itself with a...