SUMMARY
I believe Litecoin (LTC) has a great future both technically and fundamentals will arrive to justify its amazing price ascent that's just started. The below chart shows the progression of the Inverted Head & Shoulders pattern. Meanwhile, the MACD has yet to breakout of the symmetrical pattern.
Thus far, volume clearly confirms the pattern given that the Head volume is highest (white arrows). As long as the volume for the RS remains below that of the Head, it'll remain valid. The minimum price trajectory is measured to be $246.67 (yellow). The breakout of MACD should definitely support this move.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Great analysis Haejin.
nice
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Hey @henrix22..where are you now.. please come back this post..
Bad man @haejin provide to flag my comment .
Actually he is a great bad man..
That's it..
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I've seen no reason to think he is bad. Maybe the truth is that you are envious.
No, he is just immature like many here..
What about VIBE?
LTC has a strong resistance at 169 and 228. For more upside movement it has to break this level and the support area is 134 and 113.
I am bullish in LTC
And yes you did a great job!!!
Interesting.... Can I get your thoughts? I have some BTC I want to diversify into some alts, e.g. five different things. Basically I want to HODL with a bit of adjustments now and then, I don't have a lot of time or knowledge for trading, but still I'd like to avoid the most obvious errors....
So how would you do it? What would you buy and how much of each. What percentage of the portfolio would you keep in BTC?
I'm thinkin EOS, Pillar, Litecoin, Venn, maybe each of those at 10% of the portfolio and keep 60% in BTC.... I'm not sure what to do. It was already a big deal for me to go off-grid and get into crypto in a big way.
Thx for your thoughts!
Do you want to invest for short term or long term?
As I said, basically hodl.
Since I wrote that, I've decided I'm just gonna hodl all in. Just not that interested to get into trading. Thx for answering, good luck and all that
Great post
Hello traders and investors.This is the exact excellent time to sell for me as a trader.May be not the best time but almost surely the excellent time in my humble opinion.My Stop Loss(SL) price level just in case I am wrong is $158(better to make it $170 first till we have a 1 hr strong close below $142 to avoid price spikes throwing me out) and first Take Profit(TP) is $143 and then $137,$133 and $129 God-willing.
Happy trading and investing.
Interesting.... Can I get your thoughts? I have some BTC I want to diversify into some alts, e.g. five different things. Basically I want to HODL with a bit of adjustments now and then, I don't have a lot of time or knowledge for trading, but still I'd like to avoid the most obvious errors....
So how would you do it? What would you buy and how much of each. What percentage of the portfolio would you keep in BTC?
I'm thinkin EOS, Pillar, Litecoin, Venn, maybe each of those at 10% of the portfolio and keep 60% in BTC.... I'm not sure what to do. It was already a big deal for me to go off-grid and get into crypto in a big way.
Thx for your thoughts!
Is nobody paying attention to futures contracts?
When is the next expiration - considering we've had a market meltdown/manipulation to fulfill contracts each month since launch. 10k bitcoin also has to be factored in, this is a huge psych level to amass, if it breaks through news coverage will be reiterated again helping a further bull run.
Great read!! I do still believe that Litecoin has a great future ahead!
Thanks for your great information your writing is always useful , good job , keep it up
Your post is always different i follow your blog everytime , your post is so helpful . I always inspire of your post on my steem work . Thank you for sharing @haejin
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Thank you for the advice but I won't be buying or selling anything. I still have to do further research on strategy.
Thank you @haejin. Can you please make an TA on BCN (Bytecoin)?
Thanks for the info. I'm a holder of Litecoin and believe in it's future as well. I'm excited to see the actual value that it has over the next month, and towards the end of the year!
fuuuuuuuuuuuuuuuuuck
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Rewards from this comment will be for the healing of each person who votes.
Im hoping LTC can hit 5-10k per in the next few years
As always, great analysis. I'd love to see this price show up sooner than later!
Litecoin does not increase much compared with other altcoin co