LiteCoin (LTC): When in Doubt...It's a Triangle!
SUMMARY
Litecoin (LTC) seems to be displaying all the signs of a triangle consolidation. If you only and constantly stare at the chart using 1 hour or 15 minute time scale..you'll never see this pattern. I always start at the daily time scale to look for the big picture and that's when these patterns can be discerned. The chart below shows that waves c,d and e still remain incomplete. Time is needed.
The below chart is that of the LTC/BTC pair and as usual, it's lagging the LTC/USD. Still, forward discernment can be used to plot out a triangle pattern, given that the USD/BTC pair leads. As the chart shows, the b is just done and c,d,e remain unstarted.
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LTC
Hi Haejin,
I bought additional 83 LTC today at $250
I charted LTC today and set ladder down buys at $206 / $186 / $166 for 300 more LTC.
Good for you :)
@haejin, what direction will the break of the triangle lines be? up/down?
When in doubt it’s a triangle ABC D
Great Post!. Interesting Story. I want more of this. Keep it up
I sold some LTC at $100 :( :(
I believe in litecoin in the long run.
...but does Charlie Lee believe in it lol. We’ll see what happens once the Lightning Network is in full swing. I’d love to change BTC into LTC and then back into BTC to save huge transfer fees
Charlie Lee believes in litecoin 100x more than Justin Sun believes in Trx.. (I am holding both)
Charlie Lee, Bruce Lee, it doesn't matter, it will go up!
Love the optimism, but really hope we get some good news about industry/business partnerships.
i know kung fu! do you? you might need to protect your cryptos!
So many Lees... The price moves like Mr. Lee Noodles :)
I'd like to present my alternate count:
Please Like My posts I liked you
There you go ha
There ya go !! haha
Please like mine as well :)
Agreed!
Litecoin was my first investment and I am holding it since then. I am convinced that LTC is still not getting the credit it deserves!
Totally agree
I believe in a lot of coins in the long run (profit speaking) it is knowing when to pull out and rebuy that's the key. After watching many of haejin video, yes I'm beginning to see where I should sell now... Buying is the easy part, when to sell is the tougher part. Before I use to HOLD long term, now I sell high and take the profit or reinvest into Litecoin (or any other coin) at its lower base. Which usually means dip four's height (from the rise) on the correction side.
Litecoin for life.
Litecoin has a great potential in this 2018 and you are confirming this with your technical analisys
Good post :D
What is up with btc??
https://news.vice.com/en_us/article/59w5eb/china-is-about-to-kill-nearly-all-bitcoin-mining-operations-in-the-world
Fud or 4 real?
If china does so, they will miss out on a extremely profitable business - unlikely. But if they go ahead, imagine the profitability for miners on the entire planet skyrocketing. The network will suffer for a time, but surely many people will grab the opportunity to mine digital gold :)
On LTC i agree with the charismatic @haejin, Litecoin is gathering strength and not just charging like a bull :]
Miners have had unfair advantage for years due to heavily subsidised electricity. This is just redressing the balance. It’s good news for the network as less mining power will be centralised leading to a more decentralised network.
you have to differentiate between Chinese people and China government. the government is literally tightening control over everything, especially finance.
So the miners just move to a different country...
Yeah, but still bank of China banning it. Goddamn bankers greed to keep the power. Why I don't invest in ripple or save my money on a bank.... Ever again....
Relax. Just buy some more EOS and Litecoin. ;)
Yeah...It's been happening for awhile. China was the reason for that big Bitcoin dipped last year.
Well, keep cool and let's see. I think LTC will still be good, it has utility and there's always Bitshares!
it is not the bank. it is the China's government. Major banks in China are stated owned. China government is tightening controls in everything, especially financial area. they can't afford another massive capital runaway like last year.
This might be good news for miners everywhere else. Less miners would probably mean lower difficulty.
@haejin Got SALT ???
Yep!
yup