Pivotal Point for this 4 Year Reliable Litecoin Trading Pattern

2022년 4월 23일

I'd suggest checking out my previous post. In it you will see how the Inversion of the 50 Day SMA to the upside, has been a reliable predictor of a larger surge higher. This has occurred 11/11 times the 50 Day SMA has inverted higher, since the start of 2017.

We have witnessed a slight inversion but have not seen significant follow through, being the Ratio rapidly rising in Litecoin's favour. Without a rise over the next few days, we will see the 50 Day flatten out. Both breaking a reliable trading pattern. Also likely forecasting another month in this wedge.

I believe it is currently more probable to see a move to the upside. If we see a flattening of the 50 Day SMA or tilt lower. I believe that the the risk in this trade goes from Low (currently) to medium. A break down from the wedge, would be very bearish. We would be back into HODL territory.

2022년 4월 25일

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Great to see LTC hold up on another test on the lower end of the triangle.

2022년 4월 26일

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Test on lower end of Wedge still underway

2022년 4월 26일

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Successful Test of support. Risk gone from high-mid toward mid-low for trade.

2022년 5월 4일

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Looking like a breakout coming within the next month. High Litecoin Transaction Volume, New Network Upgrade incoming and ideal technical setup.

2022년 5월 15일

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