Litecoin
Not the financial board.
Just for fun.
Not the financial board.
Just for fun.
코멘트:
코멘트:
There is a possibility that the range above 90 will no longer be broken in this cycle.
After the dead cat bounces, there will be an effort to fill the bags at the lowest possible price.
After the dead cat bounces, there will be an effort to fill the bags at the lowest possible price.
코멘트:
코멘트:
코멘트:
LTC is currently in its buy channel, but will probably go under it.
Unless there is a breakthrough over both resistance.
It is likely to fall back to strong support around $ 55, a reflection of $ 12 up to $ 67 and a subsequent drop of around $ 40.
Returns at the beginning of September under support at $ 55 and subsequent correction may fall to $ 22.
If a valid breakout and closing above the resistance occurs earlier, this setting will not be valid.
Unless there is a breakthrough over both resistance.
It is likely to fall back to strong support around $ 55, a reflection of $ 12 up to $ 67 and a subsequent drop of around $ 40.
Returns at the beginning of September under support at $ 55 and subsequent correction may fall to $ 22.
If a valid breakout and closing above the resistance occurs earlier, this setting will not be valid.
코멘트:
코멘트:
코멘트:
코멘트:
코멘트:
코멘트:
코멘트:
I use Litecoin as an indicator of what stage the crypto market is in because it's not a shitcoin or a meme coin.
So there is no noise around.
There hasn't been a close this long (50 days) below major support since 2017.
If it fails to close above the (valid) support, I expect a more than 50% downward correction by early September at the latest.
I use Litecoin as an indicator of what stage the crypto market is in because it's not a shitcoin or a meme coin.
So there is no noise around.
There hasn't been a close this long (50 days) below major support since 2017.
If it fails to close above the (valid) support, I expect a more than 50% downward correction by early September at the latest.
코멘트:
코멘트:
A possible way if there is no turnaround.
코멘트:
코멘트:
코멘트:
코멘트:
I would wait to buy on a valid close above $65 or buy much lower later.
코멘트:
The chart clearly shows that there has been no change in the market yet, LTC is still under support (unless there is a valid cap above $65), the current situation seems to me to be set up for the big players starting to come back and may short the market.
It's simple, whoever tried to catch the bottom will likely provide liquidity, LTC is 60% higher than the low and that would be an incentive for the big players to drop it now.
I still see more than a -50% drop in BTC and LTC before the market turns around.
It's simple, whoever tried to catch the bottom will likely provide liquidity, LTC is 60% higher than the low and that would be an incentive for the big players to drop it now.
I still see more than a -50% drop in BTC and LTC before the market turns around.
코멘트:
LTC still in a decisive phase and the September correction is already a tradition.
코멘트:
Still no close above $65.
코멘트:
LTC is trying to break through further support to reach the area of the previous low.
코멘트:
코멘트:
코멘트:
The countdown to start the drop on LTC has already started.
코멘트:
On LTC, I see a Rising Wedge formation that breakouts the lower trend line and then rejects it.
In an ideal world, this is short, but the market is far from an ideal world.
It is possible to liquidate short positions, distribute and subsequently liquidate long positions.
In an ideal world, this is short, but the market is far from an ideal world.
It is possible to liquidate short positions, distribute and subsequently liquidate long positions.
코멘트:
코멘트:
The bears are roaring at me from the LTC chart.
If this setup results in a bullish move (I don't mean only Fakeout - that is permissible).
I'm referring to a bullish movement, which subsequently canceled the resistances above it and the market would immediately be flooded with sunshine.
If such a situation were to arise, I would write it down in my diary as the most elaborate bear trap.
And in the future I would have trouble using patterns for analysis.
I would understand that the creator can do whatever he wants with the chart.
If this setup results in a bullish move (I don't mean only Fakeout - that is permissible).
I'm referring to a bullish movement, which subsequently canceled the resistances above it and the market would immediately be flooded with sunshine.
If such a situation were to arise, I would write it down in my diary as the most elaborate bear trap.
And in the future I would have trouble using patterns for analysis.
I would understand that the creator can do whatever he wants with the chart.
코멘트:
코멘트:
As I expected, the beginning of the descent began on the 13th. The retest is currently underway and if it is rejected I would expect a more significant move.