So the orange line is from my original TA's did not change anything. Readjusted the blue prediction path based on our current market price. Overall, lines up with my original analysis.
First of all ,this might be one of my weaker TA's. Very tired as of writing this with less than 4 hours of sleep. Brain dead. My last three TA's have thus far been fairly accurate and I am glad people in my group chats made $$$ and pocketed some nice change. I personally splurged out and bought my self some new pants from @bananarepublic, but hey they were 60% off, so... worth! Haven't hit that Lambo money yet.
Going to be difficult predicting the market movements as we are currently in a consolidation phase and formulating a support line between $64-68. Litecoin has been holding up fairly well considering BTC's decline of $600. We are seeing more independent movement between LTC and BTC, however, if a large BTC correction hits we can expect LTC to follow.
We have great news to look forward to from a technological advancement standpoint. We can see that Charlie Lee and the Litecoin Foundation making strides in development with lightning network, automatic swaps, etc. 2018 will be a very interesting year for this coin as more developers join the team and the FUD and FOMO of Bitcoin and its "forks" continue to progress.
NOWWW FOR WHAT YALLLSS BEEN WAITING FORR~~~~~~~~~~~~~
Current short-term analysis: Price will consolidate between $64-68. I do not expect a huge dip unless BTC undergoes another fork or some crazy shit happens, as it usually does in the crypto world. We are in a great position to go long. Resistance lines were so weak yesterday I thought we were going to bust towards $75. Sadly momentum died and we are sitting on low volume. Resistance levels are now up and the big boys are reassessing their strategy for Litecoin. It took us about 5 days to push from $59 to breaking $66. Expect the same timeframe for us to pop to $75. Yesterday was the largest momentum and buying volume i have seen in a long time. We will need the same level of momentum to propel us to $80 and beyond.
So as of now be patient with LTC breakout is imminent. You can enter 30% of your portfolio between $67-64 and potentially wait for more dips. Let's hope not. It would reverse everything we have been fighting for the past couple months. For Nov 17-20 it should be relatively quiet. BTC is down from $8,000 and we will slowly be consolidating.
$72 will be hit by next week with a possible touch of $75. You can leverage positions in high $60's then. I will update this TA on the daily for a more accurate prediction. As of now, my magic orb is a little foggy and i need some R&R.
Long-term analysis: Hold your money until $75,80,85,90. get rich. donate to someone else that is less fortunate, because you are blessed. Pass it forward
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Looks like BTC continues to move on a downtrend. Repurchase coins @$59-64. Hold for a week or two and you will be just fine. Those who are patient win out!
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LTC has had very small volumes througout the weekend. My analysis still stands as well as the time frame. It looks as if the launch pad is set up and geared for blast off. Looking at Book order and charts it looks like LTC is going to challenge and break $75. If we get the mega push like we did last week.... Home run!
The question remains....is it a push to 1st target price of 75-76 and down? Or can the elusive $80 mark will be hit.
BTC hit ATH this morning and LTC didnt budge an inch.....can we take this as a sign like last week when we had our big push past $66 to $72? If there is a sell off of BTC we might see $$$ flow into LTC.
Regardless $70 was hit this month of November (: Let's hope we can get an early Christmas gift in November by hittin $80.
I've noticed in the past 24 hours litecoins price movements have been almost identical to Bitcoin. If bitcoin continues to take this dip then I think it will definitely hit that $64 mark and possibly lower. I completely agree with the rest of your analysis though. Nice job! the lightning cross-chain network with Bitcoin is definitely the catalyst that it needed.
regalia
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@Eball8, Completely agree w your downward swing to $64. it was drawn in my chart. i just give price ranges over a period of time. haha too time consuming to give a play by play analysis.
u can join my crypto group chat if u want a min by min analysis of what prices will be at in the nect couple hrs.
Elijah_Trading
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@regalia, sweet. How do I join? I'm fairly new to this whole community.
only rules are play nice and communicate! lets build a great community
Eduardo017
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Hey there @regalia, I am very new to trading and analysis but I've been following your charts and I've learned quite a bit. Would I b able to join this group also? As an 18 year old I'm very interested in trading and would appreciate any help I could get :)
regalia
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@Eduardo017, ofc! you will be having a head start vs everyone else your age.
the link is in one of my previous TAs haha sorry on the road.
xeremo
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Great analysts as always!
UmerDurrani
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excellent analysis! I am with you on this trade. In my opinion, the cash flow out of BTC cooling down will definitely go to LTC and ETH. Expect a blast off soon...
regalia
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LTC has had very small volumes througout the weekend. My analysis still stands as well as the time frame. It looks as if the launch pad is set up and geared for blast off. Looking at Book order and charts it looks like LTC is going to challenge and break $75. If we get the mega push like we did last week.... Home run!
The question remains....is it a push to 1st target price of 75-76 and down? Or can the elusive $80 mark will be hit.
BTC hit ATH this morning and LTC didnt budge an inch.....can we take this as a sign like last week when we had our big push past $66 to $72? If there is a sell off of BTC we might see $$$ flow into LTC.
Regardless $70 was hit this month of November (: Let's hope we can get an early Christmas gift in November by hittin $80.
regalia
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@regalia, whoops! ignore this. posted in the wrong section. Typing TA while on the pooper