LTC/USD Long Term Potential

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I have it plotted like this because of the heartline touches. But this is LTC to the dollar on log scale overall trend. Guess what we are forming???!!! Weekly Hidden bullish divergence and Weekly Bullish convergence at the same time. Already showing a rounding bottom. And guess what just turned teal as well? You guessed it, the Gaussian channel :wink:

The gaussian channel is a phenomenal tool that I have just recently implemented to my trading strategy. It has proven time and time again on nearly all assets great success in an overall trend meaning using the daily and weekly time scale. I only use this for long positions. It doesn't work well with shorts unless its a down trend. It is dependent on the long term trend. Which is bullish for LTC, meaning taking a long here and holding for months will more than likely yield you insane gains

(Speculative Aspect) Now, to end it off with the speculative pattern atm. It is in the early stages of creating a potential harmonic. There are a few harmonics that can come out of this, but as of now, I have the more than likely outcome in my opinion to be the Bearish Crab. This means a potential shorting area at ATH's at the 1.618 fib. Can't say we'll get there yet. That is far out and we need to rely on the technicals that provide us potential moves now. But this is a pattern to keep an eye on ladies and gents!


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Bearish CrabBeyond Technical AnalysisbullishconvergencebullrunincomingHarmonic PatternshiddenbulldivoverallTrend AnalysisWeekly Charts

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