If Bitcoin remains bullish throughout the summer, litecoin will follow suit. If Bitcoin has a #parabolicbreakout, we could expect to see litecoin retest #alltimehigh prices leading up to the halving date.
Bullish Scenario 1 Bullish Scenario 2 Parabolic Bullish Scenario
End of May = $98-$106 End of May = $105-$118 End of May = $110-$130
End of June = $108-122 End of May = $125-$145 End of May = $150-$195
End of July = $125-$150 End of July = $150-$175 End of July = $225-$275
We could/should also expect to see up to a 50-61% fib retracement post-halving, just because, that's what the market does.
I will update this idea weekly through the end of the Litecoin Halving
註釋
Probable inverted SHS if we stay below 115 on this local move up - tradingview.com/chart/354uMSMF/
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broke resistance at 115.xx - pin barring through low resistance to next target at 122.xx交易進行
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Resistance breakout at $122 right into $126 - Bullish Scenario 2tradingview.com/chart/354uMSMF/
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all 3 targets ($122, $128, $134) hit within a week - will update with next bullish targets within the hour註釋
If 交易進行
$136 triggered like a boss -註釋
#bitcoin #litecoin #BullishSummer #LitecoinHalving2019 #IBuyLower #IStackUSD #VSky
twitter.com/TheRealVSky/status/1138869179589767169?s=20
註釋
could see targets down to $118 triggered if 交易進行
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--I think LTC in a very peculiar spot right now -the longer BTC stays ranging, the more money we'll see move back into large cap alts. If BTC dumps, USD value of alts will continue to fall and BTC value of alts will continue to get massacred.
-LTC wicked back below the $100 "support" line and then recovered about 10% before ranging in this +/- 5% range its in now
-Last month it wicked below the $110 "support" line and then recovered about 35% before ranging in the +/- 5% range before this most recent whole market dump
-I also thing LTC moved back into my Bullish Scenario 1 range posted in earlier updates to this idea.
-I took some annual profits at $125 and $135 after we failed to stay in the Parabolic Bullish Scenario we were moving into at the end of May/beginning of June
-Halving price is most likely already priced into current price range, but that doesn't keep LTC from pumping +35% when the volume really starts booming
-I would personally probably wait for the next big BTC short attempt to 10.6k, which could be before the end of the weekend. That could see LTC prices move to $88 with a rebound back to re-test $100 levels.
-Trade safely in this chop.
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