LTC/BTC Fibonacci & Tech analysis

LTC generally traded between 0.014-0.019 in recent months. The same pattern has developed again! LTC/BTC is always so darn predictable. FYI, In 2017, LTC/BTC had a predictable run between 0.01 to 0.02 BTC             . Take a look from Jan 2017 to Now. It is pretty amazingly reliable.

Latest resistance has formed around 0.0186...prior resistance was located at 0.019 after peaking on 12/25/2017.

On Jan 7th, upward shortfall has been detected!!! This hints at an upward movement back up to 0.0185 in the near future.

It is also possible to reach back up to the previous peak of 0.0198 that occurred on 12/25/2017.

Even better scenarios is reaching nearing the 2017 peak of 0.02321, if it breaks past the previous resistance. I foresee this happening in 2018, just a matter of how soon. If what happened in 2017 is an indication of LTC, once it touches 0.02321, it will likely cycle back down 0.0187 or 0.0142. This would then set you up nicely to once again buy low and sell high as you follow the wave back up again!

25% sell at 0.0185 or 0.0198 (if you are expecting a breakthrough the resistance to meet the previous peak reached on 12/25/2017.

I generally recommend holding at least 50% of LTC for long term.
Similar advice of holding at least 50% of BTC/LTC/ETH/XMR/ZEC as these coins are the mainstream cryptocurrency. Dont sell all your goodies in a single trade, save some for cashing in on an even wilder upward breakout!

Thanks for reading. Happy Trading! =)
評論: ***This is my opinion only. Please remember to invest at your own risk.***

If you like my analysis,
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