This brought the price of LTC down to the lower Gann Fan level. Although it seems we're coming back up again...
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It's coming back up and LTCUSDT gives us another perspective.
Breakout of the pendant and about to get a second green pivot:
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Will this pivot break the resistance?
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LTC signals SEGWIT!
PIVOT was also GREEN!
LTCUSDT going to the moon!
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LTC just hit some resistance and some support:
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Looks like LTC is going to keep going up.
Zooming out...
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This could be a bullish pennant.
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The pennant seems more and more like this:
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The bigger picture
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This pennant seems more likely now.
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This might be my final setup until breakout:
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If you are not long with LTC yet, I'd recommend to long between 0.0057 and 0.0058. It also seems like the TP for this next stage of the rally will be at 0.0088.
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If LTC were a Hollywood actor, it would be this guy.
We're going up now. It's consolidating so I just went long again.
LTCUSDT also seems to be preparing for a run-up.
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We're going up!
Just as expected.
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LTCUSDT
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Stairway to heaven
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We're about to shoot up!
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This is a better curve. We're about to launch to the moon.
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Zooming in before breakout.
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LTCUSDT moving just as predicted in my previous update.
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LTC LTC has found good support at the Gann fan. This is a good entry point:
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Just hit some support. Still on track.
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LTCBTC broke out of the bull flag and it's ready to visit ATH.
We just finished the first stop. I'm going short at 0.008 and ready to buy back lower, to keep going higher.
USDT setup shows a good selling point would be $9.50.
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Closing up, after leaving the flag behind, there is still need for more correction before visiting new highs.
Closing up on LTCUSDT
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Yes, it's playing out pretty well.
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LTC is looking very bearish to me in the 15m chart. I'd short it.
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next pumps: xrp, bts, str next dumps: eth, ltc
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Coming back from the dump, we can see LTC testing resistance.
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Not trading it at the moment.
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Looking at the chart again, I think it's possible we'll see a 0.01 by the end of the day.
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Thinking about going LONG again at 0.0072.
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LTC could be testing new highs today.
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Seems to me it's going down now. Looks pretty bearish.
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Yellow flag upper resistance seems ready to bounce it back up. Dip buyers, pay attention!
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Still on track. 0.000066 for a nice dip buy.
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I meant 0.0066.
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I am sorry for not updating in the last few hours. I had internet problems the whole day and just could get back to the chart.
What I see now is a possible retracement. We have previous red pivots located at three previous FIB Time Zone lines. This could be a good opportunity to short and buy lower. I think we're going to keep going up later though!
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To be more concise, we're still going up anyways, I just think this is a small stop/retracement to keep going up later in the week.
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Watch out for when the green candle touches the red pivot... there might be blood.
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It has lost momentum. I think the Pivot will really take it down:
IF it goes down, buy back at 0.009.
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If the trend keeps going up, I expect to reach highs up to 0.0142.
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Moment of truth. This is become more and more red. I'd advise to short it!
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Here is a close up of the Pivot Point:
I think going LONG is the right thing to do at 0.009!
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Rising wedge formation after a negative pivot. I think LTC is ready for more doom!
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Possible Head & Shoulders to continue downtrend.
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Head & Shoulders failed. Now we have a bullish pennant. I think we're going up now.
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It's about to break up!
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It went down but quickly recovered. Fractals show a possible positive continuation of the trend.
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The previous resistance is now a very strong support. Also, we just bounced back the Gann fan support. Two supports seems to me like we're going up!
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Litecoin seems to be ready to break the Fan level and go to new highs, around 0.014. Let's see how it goes!
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Litecoin, with the rest of the alt-coins, is finally ready to take off. This is the setup:
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TP: 0.014.
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Seems like a good support. TP still 0.014.
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Testing support again.
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Support confirmed, it seems...
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Pivot point worked!
We're going up it seems.
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LTC about to break up?
Bigger picture
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Broke up!
First target at 0.018.
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LTC could be ready for a new low to continue bullish tendency afterwards
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BitPivot.
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Pivot seems to have worked.
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LTC / USDT
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Pivot worked!
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LTC will probably retrace to the lower fan level or to the lower support level at the bottom of the channel.
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BitPivot seems decided to bring LTC down.
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I think BitPivot has taken a decision.
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It could also be consolidating to go up.... let's see what happens.
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Went up and then had a small correction. Seems like a good opportunity to go long before BitPivot takes LTC to test the upper resistance level.
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LTC is about to get hit by BitPivot to reach new highs.
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BitPivot attacked last night. Now, fractal logic suggests it's time to go LONG.
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Still weak and we're inside a descending channel. We will break it up, but we might touch the bottom at the next FIB level.
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Still bullish. Look at this beautiful pennant in the 4h chart.
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I will continue updating this idea in the new chart:
I'm out of LTC until this segwit period is over. Once the new period starts and I see segwit support over say... 72% I'll jump back in for another ride. I think LTC won't dump dump, but retrace to under $11.
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nice! but really, so many fake bo due to btc moving... lets see.
Thanks for the charts! good job!
rjmacarthy
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Looking good for LTC here yep!
SammyOne
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Looked like it was gonna dip. Never dipped. IMO it won't have any significant dips until after SegWit activation. The % of blocks signaling has been directly correlated to the price for a day now.
CoinMajesty
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@SammyOne, interesting find. Do you have any charts to show the correlation? Thanks a lot for your comment.