Litecoin LTCUSDT - Longterm Forecast towards August 2019 Halving
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The aim of this 1D Timeframe LTCUSDT chart is to mainly track the timing of the Litecoin LTCUSDT pair towards the Halving expected around August 2019. We are using the August 2015 halving fractal to attempt to predict the future move of the market. As of now, we observe two potential bottoms on LTCUSDT through one blue and one purple projection in this Bear Market prior to the halving rally.
Short-term, we expect LTCUSDT to top around $46-47 with wicks to $49-51 possible by January 16 (Ethereum’s Hard Fork/Sell the news event) before the Bear market attempts to resume.
Long-term, we expect LTCUSDT to top around $46-49 or $115-120 depending on the final bottom of the Bear Market (see the blue and purple projections) by August 2019 Halving (Sell the news event)
Note: The initial pump on LTC to $46-47 (with wicks to $49-51 possible) trade setup also includes our expectation that Ethereum will break out to $190-200 and that ALTS will mirror Ethereum's move, so please keep checking the Ethereum-Short-Term channel.
Buy/Support:
Based on Technical Analysis, Fractal Analysis and the above, we see the Bear Market bottoming potentially at the below levels which would be good buy areas:
$7.60-4.00 - Potential final bottom #1 (purple bearish scenario if Ethereum drops to $55-46)
$26.00-22.58 - mirrors Ethereum's buy levels at $84-80 = Potential final bottom #2 for blue/bull/double bottom scenario
$30.50-28.50 - Last shoulder of the IH&S - HIT
Sell/Resistances:
$36.60-37.60 - HIT - Top neckline of the IH&S
$41-42
$46-47 - Sell 70%
$49-51 - Sell fully / final top before the Bear Market resumes the downtrend / Revised target of the IH&S + also the target of the August 2019 Halving Rally / Purple Fractal - Sell 30%
$115-120 - target of the August 2019 Halving Rally / Blue Fractal - Sell 100%
Stoploss: At $33. You may also use the same stoploss as Ethereum which is currently at $133.
The aim of this 1D Timeframe LTCUSDT chart is to mainly track the timing of the Litecoin LTCUSDT pair towards the Halving expected around August 2019. We are using the August 2015 halving fractal to attempt to predict the future move of the market. As of now, we observe two potential bottoms on LTCUSDT through one blue and one purple projection in this Bear Market prior to the halving rally.
Short-term, we expect LTCUSDT to top around $46-47 with wicks to $49-51 possible by January 16 (Ethereum’s Hard Fork/Sell the news event) before the Bear market attempts to resume.
Long-term, we expect LTCUSDT to top around $46-49 or $115-120 depending on the final bottom of the Bear Market (see the blue and purple projections) by August 2019 Halving (Sell the news event)
Note: The initial pump on LTC to $46-47 (with wicks to $49-51 possible) trade setup also includes our expectation that Ethereum will break out to $190-200 and that ALTS will mirror Ethereum's move, so please keep checking the Ethereum-Short-Term channel.
Buy/Support:
Based on Technical Analysis, Fractal Analysis and the above, we see the Bear Market bottoming potentially at the below levels which would be good buy areas:
$7.60-4.00 - Potential final bottom #1 (purple bearish scenario if Ethereum drops to $55-46)
$26.00-22.58 - mirrors Ethereum's buy levels at $84-80 = Potential final bottom #2 for blue/bull/double bottom scenario
$30.50-28.50 - Last shoulder of the IH&S - HIT
Sell/Resistances:
$36.60-37.60 - HIT - Top neckline of the IH&S
$41-42
$46-47 - Sell 70%
$49-51 - Sell fully / final top before the Bear Market resumes the downtrend / Revised target of the IH&S + also the target of the August 2019 Halving Rally / Purple Fractal - Sell 30%
$115-120 - target of the August 2019 Halving Rally / Blue Fractal - Sell 100%
Stoploss: At $33. You may also use the same stoploss as Ethereum which is currently at $133.
Dagangan aktif
See also Litecoin LTCBTC - Long-term Forecast towards August 2019 Halving:
Nota
We are at an interesting crossroad here for the next few weeks until February which is when we confirm if we really bottomed on LTC and Crypto in general or not before picking the blue or purple path. The support at $30.50-28.50 and bottom at $24.00-22.58 will definitely be retested before either path is chosen.
As of now we are sitting in cash after our stoploss was hit higher and we exited with profit.
Nota
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