Believe it or not, we might not even be close to the end of this correction. At the current moment as I write this analyzes LTC is at $52.92, which I believe to be almost the top of wave (iv) of a bigger wave (3) that should be taking us down to $20 LTC, which should be the bottom of Wave (3). Then we will have Wave (4) which should bring LTC back up to around $50's, but just to drop back down to $10 LTC and complete the final 5th Wave. Honestly, its scary to think this is possible, but I have a feeling this is where we might be aiming at.
交易進行
Timing is a bit off, we have not completed this wave 4 correction, but we are still within the bear trend. At the moment there is no reason to believe we are in a bullish trend.註釋
A break over the Fib Spiral will be a buy signal. At the current moment that prices sits at around $66. At the moment we are still on a down trend, just on a corrective wave up, which I still feel is wave 4 out of 5 waves.註釋
cryptocoinsnews.com/china-bitcoin-exchange-ban-extend-otc-trading-maybe-mining-wsj/ News is circulating saying that mining could become completely illegal in China. With China having 65% of total hashrate this could be a big black eye on the network. If this comes out saying its confirm, then a drop to $20 and baybe even lower would be a valid target.註釋
註釋
LTC is currently in a flag pattern that started around the 15th, If we follow that pattern and also considering we are in a descending triangle pattern within the flag, LTC would need to first touch $47.70 to $48 before breaking up to touch the top of the flag @ around $57, and that is only if LTC doesn't break below the Flag pattern, in which case we will move retest the bottom. 註釋
LTC broke below the flag and its now a $47.53, we could be dropping to $44 in the near future.註釋
取消訂單
Correction never when down to the $20's as I expected... BAD CALL!!免責聲明
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免責聲明
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