Long

Litecoin Bullish Scenarios for Summer 2019

Zaktualizowano

should remain quite bullish throughout the summer leading up to #TheLitecoinHalving2019, on Aug 6, 2019. Since the bottom of this recent #bearcycle, #litecoin has had repeating monthly cycles of +35% and +65%. I expect this same pattern to repeat itself thru The Halving.

could still see a pullback under 7k. If it does, this litecoin #bullrally could stall out while traders protect their #bitcoin positions.

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

Uwaga

I'm expecting LTC to test below $100 by June 10 -

Uwaga

LTC held $100 support while BTC dumped from 8.4k to 7.7k and then bounced to $106 pretty quickly - still expecting bears to test a push under $100

Uwaga

Moving right along to my $94 target pullback. Could happen earlier than 2 weeks from now. Bitcoin rules trend

Uwaga

Probable inverted SHS if we stay below 115 on this local move up -

tradingview.com/chart/354uMSMF/

Uwaga

Zlecenie aktywne

Uwaga

broke resistance at 115.xx - pin barring through low resistance to next target at 122.xx

Zlecenie aktywne

new minor "support" range is around $116.25. If it drops below longer than a 2h candle, we should see a retest of $112 trend channel. #bitcoin #litecoin #bullishsummer #litecoinhalving2019 #ibuylower #istackusd

Uwaga

a bounce off $116.25 could catapult next step up past 122.xx

Uwaga

Resistance breakout at $122 right into $126 - Bullish Scenario 2
tradingview.com/chart/354uMSMF/

Uwaga

Zlecenie aktywne

This move up to test heavy upper channel resistance at 129.xx happened at close of a 4h candle - next test could be as quick as the end of the next 4h candle - next target $134

Uwaga

lol
love when a plan comes together

Uwaga

all 3 targets ($122, $128, $134) hit within a week - will update with next bullish targets within the hour

Zlecenie aktywne

Uwaga

next low-frame target is $144 - that will be 25% above neckline if that was indeed a true Inverted SHS -

Uwaga

retest targets are $126, $118, $114

Uwaga

local retest targets are $126, $118, $114

Uwaga

twitter.com/TheRealVSky/status/1138535047923949569?s=20

Uwaga

If touches the $144 spot before the June 17, we will have officially moved into #Litecoin "Parabolic Bullish Scenario". Issa #bullishsummer #LitecoinHalving2019 is now expected to trigger on August 5. #bitcoin #IBuyLower #IStackUSD

Zlecenie aktywne

Inverted H&S $144 target hit at +25% breakout from neckline - next target ++ = $152 with retests of $136, $132, $128, $122, $118 possible. We're not likely to retest below $128, but its still a possible.

Zlecenie aktywne

$136 triggered like a boss -

Uwaga

next targets $152 , $164, $175 by June 18
#bitcoin #litecoin #BullishSummer #LitecoinHalving2019 #IBuyLower #IStackUSD #VSky
twitter.com/TheRealVSky/status/1138869179589767169?s=20

Uwaga

since LTC tipped the scale over $100, the big moves up have been about 25% and the big moves down have been about -15%. We've had some -3% and -6% in between.

Uwaga

This current pullback form the top of $144 is approximately -10% - if we move thru on down to the -15% fractal, that's $122 - failure there has a next stop at $118.22

Zlecenie aktywne

Like ClockWork =

Uwaga

letting have its time in the shine - while it holds the fort. Staying right on trend - targets still active

Uwaga

Steady Eddie still hodln down the fort -=

Uwaga

could see targets down to $118 triggered if gets to tumbling:

Zlecenie aktywne

preparing for a run at $170 within the next 5-7 days. I'm leaning closer to 5

Zlecenie aktywne

when it gets this easy, you know we're in a bull market:

Uwaga

I feel the move to $170 will happen within the next 18 hours -

Uwaga

very similar fractal to April-July 2017 --- when we went from $21 to $44

Zlecenie aktywne

LTC had at least a -20% pullback in every segment except the 4th one, which was -15%
5 of the 8 segments were at least -25%, including the current one
this also shows the alternating +40% - +65% price increases in each segment
+$200 is still pre-halving target

Zlecenie aktywne

a move to the top of the current segment is +52% from the bottom of the current segment. $

Uwaga

--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.

Uwaga

Could see a pre Halving pump to $118. I rate the chance at 25%.

Uwaga

Chance of pre-halving price to reach $118 is now 50%.... moving along nicely

TheRealVSky

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