The data does not look good for LTC. I would strongly reconsider holding this asset over the next six months in your portfolio.
ノート
My view remains unchanged. LTC is now heading toward max fibo support. After that there is support at 0.010000 BTC. From there its game over...ノート
All you Litecoin'ers! Pay attention to this chart.ノート
Litecoin investors please pay attention to this chart :Sノート
Wahoooo!ノート
Touched support at 0.010000 BTC. We should watch to see if we bounce or breach this level as this will reflect in the LTCUSD pair.ノート
We've hit the support zone here, which will give some stability in the LTCUSD chart..ノート
The big question now is whether or not the H&S will activate...hmmmノート
We kissed the top of the descending channel. A decision has to made here; breakout or breakdown?ノート
Let's take a closer look here:Entering and breaking through the key fibo box could lead to a break of the major key fibo! That would activate the gigantic head and shoulders :( There is a trendline there, though, so that adds support.
Lets watch what happens here:
IF we get a bounce from the fibo levels or the trendline we may have a nice buy opportunity. :)
ノート
Uptrend line is brokenUSD view:
ノート
Head and Shoulders activated! Here's a closer look again. Fibo extensions provide short-term support for the market.USD view: we are at the major uptrend line. A break will unlock selling!
ノート
Why would you bother trading LTC??ノート
Uptrend brokenDown to max consolidation range?
ノート
Nice countercyclical bounce! Is it over now?ノート
Yep...its over now....
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