MagicPoopCannon

Who Called it Like ME!? NOBODY! >=D LITECOIN (LTC)

BITFINEX:LTCUSD   Litecoin / Dollar
WOW, WOW, WOW! Look at the breakout on LITECOIN! Welcome friends, to this update analysis. Looking at the four hour chart, I'm suddenly very pleased that I'm long. =D Litecoin has blasted above all of the major overhead resistance, in the explosive move higher that I have been recently projecting. Amazingly, you can see that the breakout occurred right at the end of my proposed right shoulder. The breakout has propelled LTC above the neckline resistance, above the 200 EMA (in purple,) above the pink resistance line, and, most importantly, above the downtrend channel! You can see that the candle is beginning to pull back, forming a wick at the top. The volume is tremendous, and the MACD has rapidly kicked to the upside. In comparison to BTC             , this is is a leading move. BTC             is still currently trading below the neckline of it's inverse head and shoulders pattern, and has yet to break out. The important thing to watch for now, is whether or not LTC can close above these resistance levels. Particularly, we want to see LTC close above the blue downtrend channel , and the pink trendline . A close above those two, will be very bullish for LTC. You can see that we are moving in the right direction, toward the inverse H&S target. I originally gave you that target on February 6th. That was over 25% ago. Just sayin'. However, before we get too excited, we need to see a close above. Looking at the chart, you can see that the next major resistance level is up around the 61.8% retrace. Above that, we have a relatively clear shot up to the target. For now, let's see where this bad boy closes.

This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-MPC loves you-

-JD-





Bình luận: We officially have a close above the downtrend channel on the 4 hour chart! IDK about you, but I'm poppin' the champagne over here! =D
Bình luận: For educational purposes only, now that we're above the downtrend channel, a confirmed drop back inside of it would be a sell signal.
@philakone actually called litecoin before this
+1 Phản hồi
@sociopath, This is where I made the call bro...

Phản hồi
What Paperwallet could i use to store my LTC?
Phản hồi
I suspect that LTC will keep going up until Feb 18/19 until block 1.371.111 is mined. That is the moment of the hard fork of litecoin cash. You will get 10 LTCC for 1 LTC.
+4 Phản hồi
jeffkcrypto knutselwout
@knutselwout, the LTC fork is a scam confirm by the creator of litecoin
+3 Phản hồi
knutselwout jeffkcrypto
@jeffkcrypto, I know, but I remember how BTC went up before the BTG fork. It was a bit different back then as Segwit2x possible fork was to happen after the BTG fork, but nevertheless.
Phản hồi
MissRobot knutselwout
@knutselwout, But then if you get the LTCC, where you can sell it? At the moment there is any exchange supporting them
Phản hồi
Almondo jeffkcrypto
@jeffkcrypto, You are definitely right.
He(satoshi lite) has nothing to lose, if it were true, he'd have said so.
Phản hồi
a7moushi knutselwout
@knutselwout, thats is a scam
+1 Phản hồi
brentmulligan knutselwout
@knutselwout Agreed — This seems like a red flag for why LTC is outperforming everything. If that fork becomes worthless than it is what it but look at BCH: love it or hate it essentially became free money for many. This is certainly a driver for volume and it should serve as caution for anyone getting in now.
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