Currently in channel between roughly 75-85; this will likely be our consolidation zone once we are done, we will likely go and try to test 93s again, but first we need to break and stay above 85s. Gann fans are almost ready so we may start to move towards it soon... if not... we will consolidate on the 4hr chart until BBands tighten up and PSAR flips bullish; Stoch RSI is oversold on 4hr.
Week and month charts are still very bullish indicating more green weeks and months are likely to occur. Long term trend is only up for LTC we are talking 100-200 easily by December of this year, and 400-600 near Spring of next year, and much much higher as time passes, and adoption increases. LTC will go logarithmic soon due to many reasons the main one being its strong technical, and practical fundamentals.
Only the strongest stocks go for higher highs and higher lows while remaining stable, LTC is the crypto equivalent from a technical analysis stand point.
15m Chart:
Week and month charts are still very bullish indicating more green weeks and months are likely to occur. Long term trend is only up for LTC we are talking 100-200 easily by December of this year, and 400-600 near Spring of next year, and much much higher as time passes, and adoption increases. LTC will go logarithmic soon due to many reasons the main one being its strong technical, and practical fundamentals.
Only the strongest stocks go for higher highs and higher lows while remaining stable, LTC is the crypto equivalent from a technical analysis stand point.
15m Chart:
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8/1 (red line) is approaching closer and closer...
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Almost there...
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We will get there... it is only a matter of when.
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Almost there....
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If we turn PSAR bullish on the 2hr chart it will make the 4hr chart more likely to turn bullish.
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Moving up soon. Probably within 12-24 hours.
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Potential future movement
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A link to the chart above:
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2hr chart is almost ready to PSAR bullish.
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News of China banning ICOs came out right as the dip started: techcrunch.com/2017/...ank-has-banned-icos/
LTC and BTC are not effected by this news however people are panic selling, the entire market is a blood bath. Good thing LTC has strong fundamentals. Who knows... maybe the marketcaps of the effected coins flow back into BTC and LTC.
Looks like 68 is where buying came through once we broke the support line at 74-75. Asian exchanges went to 64.
LTC and BTC are not effected by this news however people are panic selling, the entire market is a blood bath. Good thing LTC has strong fundamentals. Who knows... maybe the marketcaps of the effected coins flow back into BTC and LTC.
Looks like 68 is where buying came through once we broke the support line at 74-75. Asian exchanges went to 64.
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Buying has returned, and bids are moving back up.
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Can't move up until PSAR flips bullish.
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1hr is almost ready to flip so the 2hr will likely follow if we can break 69-73s if we do and we stay above correction will likely be complete. If we can't stay above we'll comeback down 64-65 one more time
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SAR bullish on 1hr chart
Now we must stay above 69-73 to turn the 2hr chart bullish.
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2hr is now bullish.
We out of the red folks! 64-65 was out bottom.
