ETH is looking bearish & LTC has held up very well the last few days alongside BTC. Nice bounces off the support, good chance for a leg up prior to BTC drama going mainstream in the coming weeks if the volume increases
"launch failed". thats ok. keep doing this for poor us :)
I have seen your other ideas were correct. keep it up. I know this prediction is not working always. otherwise everyone invester will be rich than you... hahaha...
unitednoobies
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Great chart. I think you are almost 100% right on the call. However, I think those retests at 48 are a bit weak and rushed since the uptrend move so quick in just a couple of days. I see a downward trend hitting 34-37 maybe 38 first before a solid move up above 50 can take please. What do you think?
LincolnDevine
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@unitednoobies, the move was quick no doubt and there is long term support on that 62% fib line..if it dips I'll be there for the sale lol. I'm thinking the MIT "countdown" (which turns out might be some hoax who knows) is gonna help pump us a bit - litecoin.mit.edu/
unitednoobies
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@LDevine15, I have read something about this MIT countdown on Reddit. I think this is quite possible that it is a hoax. Then I also remembered watching an old presentation by Charlie Lee describing Litecoin when LTC was at $6!!! In that video he mentioned that he is TROLL and he did troll a lot of miners prior from launching Litecoin. youtube.com/watch?v=U2KP8koYC3s @ 20:00 time frame. This could be a simple trolling by him. Maybe there is something really going to happen with LTC. I believe Charlie really wants Litecoin to be more establish before moving up in price. So he might be trolling us that nothing is going to happen with the countdown or something might happen with the countdown. Who knows...
Manus33
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Looks good. If your right, at what price would you expect a correction?
LincolnDevine
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@Manus33, 51-65 is possible, first step is marching back to 50!
I have seen your other ideas were correct. keep it up. I know this prediction is not working always. otherwise everyone invester will be rich than you... hahaha...