MertB
Panjang

Litecoin Fans

COINBASE:LTCUSD   Litecoin / Dollar
Litecoin is currently in the process of building support. The break of the first fan confirmed support at 250. Break of the second fan will confirm support at 275, and will likely allow LTC to break resistance at 375-380 to continue moving up to new ATHs. Expect a surge in volume around 375-380 (current resistance). As long as 275 holds during our period in the new fan, LTC will continue moving up. Future is looking very bright for LTC, in 2018 Litecoin is easily going to break 2,000 (and probably even go higher).

I think the move we had earlier to 275.01 was our dip, if that is the case we should not visit 275.01 again! Either way more sideways action = greater and more stable upward action. Patience!

As usual ignore the FUD. Charlie is boss!
Komen: This is why I think LTC will reach 2,000; there is more evidence but this is the most straight forward answer.
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Komen: Stoch RSI is ready for more sideways, and upward moves on the day chart.
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Komen: OBV still trending up.
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Komen: So far 2 bull quarters, 1 bear quarter, and we are currently in a bull quarter likely followed by another bull quarter. Patience!
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Komen: Fans are also almost complete.
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Komen: Litecoin is taking it's time in the fans. I think we should break through them by January 9th. Patience.
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Komen: After a healthy consolidation period. LTC is set up to break the fan!
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Komen: MACD setting up to turn bullish on the day chart.
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Komen: Fan has broken! :D
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Komen: Doom and Gloom talk = new ATH in 2 weeks
Hey Mert, just wondered what your thoughts were on the current drop?
Balas
Mert! Any new analysis is much appreciated!
Balas
blorgalakt PRO sweeedfish
@sweeedfish, Yep. I second that. Looking at the fan we want to hold $225. If we don't we might see $150 again? At least a spike down like last time? I dunno. Mert's the dude with the magic charts.
Balas
where do you expect it to go from here?
Balas
so this is the time to load up on ltc?
Balas
Any thoughts on the next few days, do we retest 200 again?
+1 Balas
MertB PRO sweeedfish
@sweeedfish, I think we keep going up. We had almost a 66% retracement from the top just like last ATH. Except this time it was faster.
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+1 Balas
damn that 2k prediction. my head says how the fuck does it go to 2k without at least a big bear market?
Balas
@Foumec, Lot's can happen over the period of 12 months..
Balas
Hey @MertB, thanks for the chart, it is really helpful.

Where do you think LTC will end up at the end of the year? I am little nervous after what happened with Coinbase/BTCash and LTC value dropping significantly?
Balas
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