S3052 (OP)
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April 30, 2013, 05:33:38 AM |
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Dear All, this is our first litecoin technical analysis. LTCUSD seems to have completed a 5 wave rally to the 5.9 $ high two weeks ago. The decline back to almost 1$ seems to be only a corrective a-b-c wave. Also, the rise from that low looks impulsive and a rally above 4.5 $ will likely confirm that. Short term, most likely is a rally to about 5 $. Your S3052
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wizzardTim
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Reality is stranger than fiction
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April 30, 2013, 07:16:33 AM Last edit: April 30, 2013, 08:10:46 AM by wizzardTim |
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5$ before MTGox - 25$-80$ long-term Famous Eurovision Song: Euphoria - Litecoin till the end of time, It will be just the best in time, It's price goes up, up, up, up, uuuup!
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Behold the Tangle Mysteries! Dare to know It's truth.
- Excerpt from the IOTA Sacred Texts Vol. I
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S3052 (OP)
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May 08, 2013, 09:52:06 PM |
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looks like a triangle is developing , again with the most likely outcome of a heavy LITECOIN rally :-)
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JimmyFL
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May 08, 2013, 10:15:41 PM |
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looks like a triangle is developing , again with the most likely outcome of a heavy LITECOIN rally :-)
Sorry for a n00b question, but what does "rally" stands for in this case?
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cdog
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May 09, 2013, 04:17:57 AM |
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$5 looks good but the problem for LTC is right now its is positively PEGGED to BTC.
When it hits Gox, it will break out of this hyper-dependency on the BTC price and I agree, $10-20 is possible, not more than that unless BTC goes crazy and pulls the whole crypto-economy up with it.
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S3052 (OP)
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May 12, 2013, 07:16:59 AM |
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$5 looks good but the problem for LTC is right now its is positively PEGGED to BTC.
When it hits Gox, it will break out of this hyper-dependency on the BTC price and I agree, $10-20 is possible, not more than that unless BTC goes crazy and pulls the whole crypto-economy up with it.
this is quite possible
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S3052 (OP)
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May 26, 2013, 10:17:56 AM |
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$5 looks good but the problem for LTC is right now its is positively PEGGED to BTC.
When it hits Gox, it will break out of this hyper-dependency on the BTC price and I agree, $10-20 is possible, not more than that unless BTC goes crazy and pulls the whole crypto-economy up with it.
this is quite possible as many already know, litcoins are now traded on bitfinex which could also help making it grow
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TrinaVella
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May 26, 2013, 01:42:26 PM |
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Looks like the push higher has initiated. Let's see if it can push to $5 like you say.
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S3052 (OP)
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June 22, 2013, 02:18:38 PM |
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Litecoin prices and Litecoin charts alert:
http://bit.ly/qJDsYw
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btcrich
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December 13, 2013, 06:06:12 PM Last edit: December 13, 2013, 06:16:59 PM by btcrich |
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Not sure what happened to this thread, but technical analysis of the majors such as BTC/USD and LTC/USD is becoming increasingly useful in determining trading strategy. I hope that OP returns as I found his analysis quite interesting. It looks like LTC/USD has just broken down out of the short term converging triangle and is now looking to find support lower. I see minor support at the $22-23 range and strong support at the bottom of the descending channel. If that is hit in the next couple days, we could see close to $10. Should probably consider the trend line from the 17th - 25th of November which could strengthen the support at the $22-23 range as we could recover from there. Short term trend is down. Long term trend UP! EDIT: Not sure if its the great China firewall here or just the forum that no longer allows me to see images in posts, so here is a link to the chart. http://i39.tinypic.com/2ahy80m.jpg
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Kryptox
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December 13, 2013, 08:44:35 PM |
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btcrich
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December 17, 2013, 12:04:27 AM |
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With the break down to the $22-23 range, some excellent scalping opportunities have presented themselves. Support is holding well so far in this region for the moment which derived from the 7th - 9th of December's range, coupled with the trend from the 17th - 25th of November. There is a good chance we may see LTC/USD correct from here to the top of the channel and target the $29 -30 range.
If a break below $22 is confirmed, expect a free fall with no support until below $10. Fundamentals may win over in this range however and could help protect LTC/USD.
EDIT: I'm on the move and cannot post a chart, however my last chart from the 13th will still apply at this time.
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btcrich
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December 17, 2013, 12:06:33 AM |
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Congrats on a nice trade. Your T/P was just hit.
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Kryptox
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December 17, 2013, 01:58:52 AM |
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Congrats on a nice trade. Your T/P was just hit. Thanks. It looks like it has confirmed the break below 22. I've got buys set up all the way down to $8. We'll see how the next week shapes up.
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