The Litecoin correction is over
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Details in the chart.
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Created a nice pitchfork to keep an eye on on the daily chart:Nota
4h chart says this could be a good time to btfd:Nota
Looking great:Also, noticed some real interesting fib time zones on the 1d ltc/btc chart:
Great times to look for market tops and bottoms.
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Sorry posted the same link twice, here are the fib time zones:Nota
Careful here, potential drop to .0144-.015 or so for wave 2:Nota
Looking good, inverse h + s that's forming would suggest the low is in:Nota
Tough spot here but i'm sticking with the original idea lower for wave 2 considering the china news and chinas significance for ltc:(sometimes I will trade these types of movements but for the most part I just hodl)
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Just adding this published chart here:
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Hope you used the dump wisely : ) Wave 2 of this larger gigantic impulsive wave 3 thats on the way is complete:
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I can see the moon, it's glorious:Nota
Quick trade:Target-yellow
If the descending triangle breaks look for orange and possibly red.
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Look familiar? Nota
Was stopped out when price broke up.Nota
Expecting a nice pop here for wave 1 of wave 3 as all those who went short on the H + S pattern get squeezed:Nota
Boy was I wrong on that last one! Had expected bitcoin to recover, and ltc even harder, instead the market took a nice dip. It looks like this time fib will likely represent a bottom (as opposed to a top). The ratio could still go a bit lower but that said would not want to be selling here, would be pretty surprised to see it go past the low .012xx's if it does go lower. The motto of ltc is that patience is a virtue : ) Keep stacking at these low prices or just hodl. Good luck. Nota
Falling wedge on the 2h chart, Stochastic RSI on the daily chart has been screaming for a bounce, I don't think this downtrend will last too long:Nota
Looks like the red option:Nota
If LTC/USD can break above $50 that may be all the down we get : )Nota
Breaking $50 now...moonz incomingNota
New pitchfork to keep an eye on (arrows just optimistic wild guesses for now):Nota
Segwit2x drama heating up in bitcoinland. This unequivocally amazing for litecoin which owns scrypt as opposed to three bitcoins competing for SHA-256. Not to mention its just a good hedge against any bitcoin fork in terms of using it to transact if things get hectic. Lets see how long it takes the market to realize it.Nota
Another bullish falling wedge (a mini one). I left up the targets from a previous chart in case it breaks down but i'm not expecting thatNota
broke down...Nota
$52 level is a good one to watch on the USD pair. Bitcoin seems like it will fall more but ltc could hold that level. If that happens than the ratio may have already seen its low.Nota
Looks like we're going down to previously mentioned targets (can see chart above)Nota
Watch out for this cup and handle downtrend continuation pattern (if it plays out I still think this just down before the real uptrend starts. Good luck:Nota
Just adding this published chart here:
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Was fun to catch those downtrends. Now looking for a bounce...but if it doesn't come soon there is room for further downside. If it happens don't get discouraged, litecoin likes to play with peoples emotions right before going parabolic, she's deceptive : ) Nota
No signs of slowing down guys, don't fight it : ) Always darkest before the dawn. twitter.com/btc_joe/status/917437453467656192
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