Litecoin ready for a next bull cycle? { LTCUSD }

12 באוג׳ 2019

Completion of a Bull Flag Formation?
See chart

Candle range of the Majestic-X oscillator custom set to 15 candles: Bullish pattern emerging, coinciding with previous significant pumps as well.

12 באוג׳ 2019

הערה

Despite of the recent "fud", I still feel that LTC is a nice hedge against BTC since "Satoshi" very likely doesn't own any stupid amount of LTC + just in case Satoshi = someone like Paul Solotshi.

But also have to count on LTC not dumping along with BTC if that turns out to be the case. I do believe that in such an event, after an initial brutal dump, we may very well see LTC (and other similar "currency focused" decentralized blockchains) decouple from BTC.

13 באוג׳ 2019

הערה

Note: The Fib-retrace top level was accidentally shift and hence invalid.
Here's the corrected one, with a possible trading ranges specified; but need to closely monitor other indexes such as the RSI, STOCHS, MAJESTIC, FUSIONGAPS, AEONDRIFT, Ichimoku Cloud, etc. as the chart evolves in time.