Short, Medium and Long Term Outlook for LTCUSDT
HI EVERYONE!!!
This was a brief (10 minute) video to point out what we see in the near, medium and long term for LTCUSDT. The Near (short) term does look like more downward pressure to me. I'm posting another chart for the 12h to point out the Phoneix TSI Short Cycle indicates downward pressure is likely to commence soon but not guaranteed. As for Medium Term; we're in the process of trades WITHIN a trading range for the purpose of accumulation. Long term outlooks suggests the bottom is in and we're in Phase B of Accumulation. We do not expect a Sign of Strength in Phase D of accumulation until during or shortly after the Litecoin Block Halving Event. I'll post that 12h chart with Phoenix TSI Short Cycle indicator shortly.
Please take a moment to click "Like" if this was helpful. If you're not following; would appreciate your support by following.
Happy Trading, Everyone!
David
This was a brief (10 minute) video to point out what we see in the near, medium and long term for LTCUSDT. The Near (short) term does look like more downward pressure to me. I'm posting another chart for the 12h to point out the Phoneix TSI Short Cycle indicates downward pressure is likely to commence soon but not guaranteed. As for Medium Term; we're in the process of trades WITHIN a trading range for the purpose of accumulation. Long term outlooks suggests the bottom is in and we're in Phase B of Accumulation. We do not expect a Sign of Strength in Phase D of accumulation until during or shortly after the Litecoin Block Halving Event. I'll post that 12h chart with Phoenix TSI Short Cycle indicator shortly.
Please take a moment to click "Like" if this was helpful. If you're not following; would appreciate your support by following.
Happy Trading, Everyone!
David
הערה:
Update with the 12h TF to show the Phoenix TSI Short Cycle indicates it's likely to continue with downward pressure in the Near Term:
הערה:
The BIG push down to test support may not be in the immediate future. We may experience slow bleed that stair steps down to test support over the entire month of March. We still have not ruled out a possible one last push up to test resistance BUT with a lower high before falling down to FINALLY test support before the block halving.
הערה:
MY BAD... THAT YELLOW TEXT BUBBLE WAS INTENDED FOR THE 6h TF (POSTED BELOW):
הערה:
Once more additional note for LTCUSDT using the Daily TF:
הערה:
Pardon so many updates on this pair. Simply thought it was important to point out a couple more things.
Daily TF once more:
Daily TF once more:
