SUMMARY
The below chart of LiteCoin (LTC) is quite impressively a near twin of Bitcoin (BTC). Across the Cryptosphere, sentiment is quite uniform during both the bull runs and the corrections. It's often called "All the Same Markets". The chart below shows a very nice impulse of five waves (white) followed by the blue 1,2,3,4,5. IF Bitcoin (BTC) leads down; LTC is expected to follow. The blue 5 woudl represent an attractive zone to cast a buy ladder.
The MACD is oversold and the turn up of the 12 day moving average (blue) could glance the 26 day (red) rather than pierce upwards. This would jive well with the lower low that's expected.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
No kidding. All cryptos move in lock step with Bitcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have yet to see someone nail charts for crypto. It is all speculation at this time.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What do you think the odd's are on LTC dropping down to $140
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
if so buy more
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's good advice xel,
I boughtt 112.5 @ $178
buying 175 more @ $140
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Litecoin has sure taken a beating. Shame. It's more of a utility coin that Bitcoin is at the moment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@haejin brother any suggestion or analysis on the Steem and SBD please reply As soon as you can
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
He did those about a week ago, look back through his blog.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Man if it drops to 120 that will be horrible! I have a lot in Litecoin maybe I should sell then rebuy? But good for those who are new.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just hold those bad boys man. You will be sick if you sell and try to pinpoint a lower price that may never happen. Patience my friend, the market will rise again.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
lol... I agree summertooth.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm trying, all these predictions are driving me crazy lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I know, it's maddening. And I've been there (a lot!), you figure, hey this guy says it will most likely go down in price before it rises so I should sell then buy back when it drops and I'll have EVEN MORE when it rises. I have done this, and it didn't drop much, then it rocketed up without me. So not only did I sell at too low a price, now I didn't even have any more to sell at the higher price, and if I buy back in I'll have less...and it may not even go up anymore!!!!!
If you really want to try to day trade to catch the wave try it with a SMALL PERCENTAGE of your position. Say 10-20%. See how you do, and that way if it backfires you still have 80% of your position in the bag.
There are sooooooooo many predictions, you will go nuts trying to follow all of them. I would say just try to get a sense of the long term for the coins you have, that way if it drops and you get nervous you know that it will rise again.
Hope this helps man.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes,.been there and done that repeatedly. Crypto is great for day traders if you know what the heck you are doing. Stick with swing trading or long term.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hahahaha, You are exactly right, been there and done that. Sold it thinking it will go low to buy more and next thing you know you end up buying for more.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
HODL!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
itle be a 1000 dollar litecoin before end of the year, i just stocked up on some don't sell dude,
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm HODLing and buying.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
same. they will adopt the lightning network and surpass the so called 3rd gen.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Gracias por el aporte, siempre tus análisis son de gran importancia a la hora de escoger en que moneda proyectarse e invertir. Saludos desde Venezuela
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
As always I am greatfull for the free knowledge you provide. You make many of us aware of the probable scenarios and not fret about all the possible scenarios. In the mids of the mess of a correction your calm voice is a source of tranquility reminding me to not listen to all the news and fears, it’s just a correction, but a heavy one. Thank you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Place your bets folks...been hearing for weeks how these coins have to hit a new bottom in order to begin climb back up to new highs...meanwhile...zig...zag....zig....zag....triangle down....triangle up...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
UK Crypto Trader Forced to Hand Over Bitcoin at Gunpoint
https://steemit.com/bitcoin/@ajaydodeja/uk-crypto-trader-forced-to-hand-over-bitcoin-at-gunpoint
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for this @haejin
I followed you to get along, I am a newbie.
What's your take on the predictions for the value of Litecoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great article. Re blogging it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
useful postings
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Litecoin has been doing a lot of funny rounds. Specially since the news of Charlie Lee selling his entire position. Lets hope that the trust isin't misplaced.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love that you do further analysis on the MACD, however my understanding is that the MACD line (blue) is calculated as the 12ema minus the 26ema, and the red/orange line is the 9ema of the MACD line. Splitting hairs aside, your interpretation remains valid. So for example, a cross of the 12/26 EMAs occurs when the MACD (blue) crosses the zero line. Hope this helps!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank for the insight
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would rather see it go up than down
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
My Exs Capital Will Be Going To Litecoin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
DO NOT IGNORE THIS COMMENT !! EYE
Hello nice to meet you! I wanted to ask for your support to donate: Diapers, MILK, medicines to families, especially newborn children, who do not have the money to buy your contribution, just vote or with a retest, it's enough thanks.
here the link more plicado
https://steemit.com/help/@jesusj1/collecting-funds-for-pregnant-women-and-their-children-read-to-know-why-your-support-is-valuable-please-help
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Litecoin is already in the top of the most used cryptocurrencies but I believe it can go up even further. Bitcoin is starting to become unpractical to use due to high tx fees and long transfer times so it would make sense for cryptocurrencies using better technologies to get more widely used.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 429.21 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Can you do an update on Lumens soon?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Litecoin finally showed on one of the trends today https://steemit.com/cryptocurrency/@coolkidapproved/today-s-top-trending-cryptocurrency-coins-for-january-29-2018
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am holding many litecoins, would it be smart to sell them now? But really nice analysis!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hold my friend for the next year it will be $1000
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes this is similar to BTC graph ..other coin follow BTC but there change is different from BTC
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Friend, I have observed that the variance of the price of litecoin is similar to that of bitcoin, but it is a minor variation. Do you agree?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey, I'm giving away up to 1 LTC ...
It's a survey ...
Question : What's your portfolio look like? ...
To answer: check out my steemit blog ...
...
https://steemit.com/cryptocurrency/@ninjad/crypto-journal-log-survey-1-ltc-reward-portfolio-1-29-18-10-12p
...
and read and respond to the post titled:
"Crypto Journal Log ((( Survey :: 1 LTC Reward :: Portfolio :: 1.29.18:10.12p )))"
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Steemit will overtake banks and paper currency till 2025
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
620 dolar ile 750 dolar arasına çıkacağaı kesindir, daha fazla aşağı gideceğini düşünmüyorum.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I bought my lite coin at 30 dollars and sold at 200. When the founder sold all his light coin thats when I got out. Litecoin is a 2nd generation crypto. Cardano and NEO are very much 3rd generation
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
dude you spam so many "charts" "predictions" "analysis" etc.... almost all top articles are your in crypto topic.... ok it's fine.
But when it comes to TA.... when Bitcoin is falling in price.... the mood of the crypto market is negative.... most altcoins are falling too.... Simple as that.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks Haejin. Any chance of an update on $DCN?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
https://steemit.com/litecoin/@stew/update-litecoin-entering-usd110-160-buy-zone
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
this is the dip i was waiting for. bought a few.........come on!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit