sifeij
Panjang

LTCUSD target 1646 before May 2018

COINBASE:LTCUSD   Litecoin / Dollar
This is solely based on previous performance of LTCUSD pair, using Fibonacci projection .
Last time when the price hit 420, that was Fibonacci projection level of 4. If we use the same level, we will see $1646 Litecoin very soon.
Komen: Here is my calculation based on past performance of LTC.

LTCBTC last time lowest point was 0.005, then 5x to 0.025 in about 83 days, 50% drop to 0.013, if it does 5x again, next target is 0.065BTC.

LTCBTC last time lowest point was $36, then reached Fibonacci projection of 4.0 which is $420, if it does 4.0 again, next target is $1646.

$1646/0.065 = $25323 USD/BTC, and if we use 83 days to calculate from the lowest point to this target, it should be right around the end of May.

I don't know if I am making sense, but the math does not lie. All we rely on is let the history repeats itself. :)
Komen: Sorry forgot to say how I got the 0.065. it is also assumed, it 5x from the lowest point -->
0.013 * 5 = 0.065.
Komen: it should be right around the end of April (before May)
i like it. :) my chart is not so high, but the same trend. lets see!!! thx

Balas
sifeij btcinvests
@btcinvests, I agree with yours ...it will be zigzag on the way up, 720 you say? looks like a nice target for a swing trade.
Balas
@sifeij, yes :-) i m long ...
Balas
Thanks for the analysis bro
Balas
@JMKo, dude, my pleasure.
Balas
We can't even break 195, bro... you really think $1646 is possible?
Balas
sifeij Doktav
@Doktav, It is possible based on the previous bull run from LTC three months ago. We were sitting around 50-70 for a long time just like what we have right now.
+1 Balas
tonezzz sifeij
@sifeij, Exactly
Balas
sifeij tonezzz
@tonezzz, looking at the chart, is like solving a puzzle...we are expecting the history does repeat itself, or otherwise, why TA? TA is purely based on human emotion in my opinion, and we as human, majorities also make the same mistakes...
Balas
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