Litecoin is very accumulated and ready to move up. If shorts get squeezed we could see a rapid rally. Targets on chart. You heard it here first...
Cheers,
Ivan Labrie.
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LTC is acting strong, moving up when BTC does. It tends to do this...I added to longs aearlier today.
Trade chiuso manualmente
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Trade attivo
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We got back in at $55.418 today:
Trade chiuso manualmente
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This was so hard to stay in for the move...but damn was that target hit.
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LTC heading for a massive top, moving WAY too fast, close to the maximum theoretical upside from long term charts This makes me think we will see a crazy blow off top in very little time in most coins.
Bulls eye! Congrats on this!
What do you think on ETH? My thought are it's a loaded spring ready to set off based on log chart.
IvanLabrie
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@rakulr, thanks. I sadly didn;t ride this one, had a very hard time reconciling the chart with fundamentals as I perceived them.
As for the ETH chart, I like it, I'm holding longs. Should be breaking out soon.
rakulr
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@IvanLabrie, totally agree on fundamentals. In fact I've been reading your old post saying LTC, DASH ans ETC sucks and nodding in aggreement when I saw this update)
BTW, seems like more traders, even newbies like me, are starting to use log charts for crypto for insanely short timeframes. Can you compare this to some other markets in past?
NamMyohoRengyKyo
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Hi Ivan
Is the KHL site and members board still going? I have Emailed and Skype and haven't heard a response?
ffs_retired
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"This makes me think we will see a crazy blow off top in very little time in most coins."
damn you !
nimbus
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But when you take a look at ltcbtc- $444 is about 0.028btc, it seems the price's not that high. The cross chain swap between litecoin chain and bitcoin chain can bring more value to litecoin itself.
Spectre-788
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Great long term analyses. Really well thought out and amazing. When you say - "This makes me think we will see a crazy blow off in very little time in most coins" are you predicting an abrupt fall? And by most coins , does that include BTC and ETH? I personally think as ETH lost big time against BTC over past few months, there can't be much downside potential to it.
Samboly
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@IvanLabrie Do you think LTC going down means that money will flow to other coins instead ?