LTC Analysis Gann, SMMAs, LTC/BTC, Week Trends, etc..

Breaking the 8/1 Gann Fan (red line) will allow us to go for another major move. Could happen within the next 13-24 days or sooner (will likely trade sideways until we break it). The time frame works with the status of the week chart. Which is signaling for upward price movement on the scale of weeks. Flipping PSAR bullish on the 4hr chart will also be another sign; and will likely result in upward movement until it becomes bearish again. This could happen within the next few days as the next week starts. At the time of this post PSAR is at 52.37 meaning we must break that price level to flip it bullish. As usual entry depends on your strategy. Click on the charts below to interact with them.

LTC/USD Week Chart

SMMAs are also setting up to turn bullish on the 4hr chart. When the Golden ( SMMA 12), and the White ( SMMA 24) lines are above the Red ( SMMA 50), Blue ( SMMA 100) and Green ( SMMA 200) lines the market will be ready for a big move up. Click the chart below to go the SMMA chart.

LTC/BTC Day chart is also almost ready to turn bullish meaning the ratio will go up; this means Litecoin price must go up or Bitcoin price goes down while Litecoin price stays constant; my money is on Litecoin price going up; however if Litecoin price stays constant it will just mean more sideways trading on the LTC/USD chart; which would be fine since as we said above breaking of 8/1 Gann Fan could happen within the next 13-24 days; which is 2-4 more data points on the week chart so the trend on the week and day LTC/USD charts would remain the same... as in more sideways action. Sideways action is great because it means selling pressure is lacking at bottom of the channel; and since we bounce from the bottom of the channel it means accumulation is occurring within the channel; which is a precursor before large price movements up.

LTC/BTC Day Chart

Long term targets: www.reddit.com/r/Lit...ber_by_time/dndd5ur/

Previous 4hr Gann Fann

You can check my previous post history if you do not believe this information is credible.

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Compare Litecoin, Bitcoin, and LTCBTC

4hr Chart

Day Chart

Week Chart
 

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May continue to update this idea or may start another one... I think this is enough information for now. Do check those charts periodically to see how it is coming along.

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Fixed the Week Chart from the updates above.
Week Chart

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Just occurred to me that indicators do not update on the charts above... So I recommend enabling them on your charts to see how it moves along. It is a tradingview issue, that I forgot about.

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Looks like we are setting up to break the Gann sooner than later. The Stoch RSI on the day chart agrees.

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SMMA's we are bullish.

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Very bullish on the week, 3day, and 1day scales.

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New ATH soon. LTC had it's first red month. Expect green months ahead. Anything under 100 is cheap.

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Current 15min

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Current Gan

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Setting up for next leg up. IMO.

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Coming along nicely.

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We are getting there.

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We'll likely trade sideways until Stoch RSI starts moving up on the 1hr chart.

Which will become more likely when the 1hr chart MACD turns bullish.

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My bad I meant to write We'll likely trade sideways until Stoch RSI starts moving up on the 4hr chart. Which will become more likely when the 1hr MACD and PSAR turn bullish.

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Gann is almost ready.

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Chart is shaking off weak hands atm. That is why it is trading sideways.

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RSI almost oversold, Stoch RSI already oversold on the 1hr chart. The next time MACD turns bullish, odds are PSAR will turn bullish; and we'll go for a break of the red line.

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Currently riding down Ganns. RSI in oversold territory on 1hr chart, and is heading to oversold territory on the 2hr, 4hr, and 6hr charts. 55-57 range should hold. B/c it has been a price level range for support in the past.

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Moved to here: