Litecoin channels idea
Updated
As i see on ltc chart is that he stay a lot on his base trend line even if it moonskied once.
We just get out of first channel again in second move , after huge price move from 99 to 355 $.
After it hitted 120$ support we got out of channel 1 on 17.04 with price moving up from 114 to 150 $.
Now we are in second channel and we can see resistance at 200$ . Try to sell at 200$ levels and rebuy at 160-170$ as general moves in next 1-2 months.After this i expect to move over 200$ in 3rd channel and see price jumping from 200 to 500 $ in one year. I will update this idea every one week from now on. Just tell me if you are interested in ( i will keep it for myself anyway :)) )
Short term : 200$ - 4-8 weeks
Mid term 420$ - 8-25 weeks
Long term 800$ - 25 to 52 weeks
PS: Next future will bring a lot of eveniments for Litecoin , and i really expect Litecoin to have a great year . He is always late at parties:D
See you next week , hope so :)
We just get out of first channel again in second move , after huge price move from 99 to 355 $.
After it hitted 120$ support we got out of channel 1 on 17.04 with price moving up from 114 to 150 $.
Now we are in second channel and we can see resistance at 200$ . Try to sell at 200$ levels and rebuy at 160-170$ as general moves in next 1-2 months.After this i expect to move over 200$ in 3rd channel and see price jumping from 200 to 500 $ in one year. I will update this idea every one week from now on. Just tell me if you are interested in ( i will keep it for myself anyway :)) )
Short term : 200$ - 4-8 weeks
Mid term 420$ - 8-25 weeks
Long term 800$ - 25 to 52 weeks
PS: Next future will bring a lot of eveniments for Litecoin , and i really expect Litecoin to have a great year . He is always late at parties:D
See you next week , hope so :)
Trade active
Update got out soonerWhole market got a big deep.
Litecoin goes down to support of 2nd channel at 140$ , getting under 2nd channel to 1st channel , with a minimum of 135$ hitted , so basically we falled down on 1st channel.
So place buy orders from 95-130$ with a stop loss at 88$
Sell orders are the same.
I will come back with updated
Note
132.4$ was hit . Not 130 as i told ,but i can't offer you at precise price in future .. it's not something sure .... still we are heading to 120$ support for past Litecoin moves , which can go us to 330 billion dollar market cap which should form a pattern of bullish. Let's see what happensNote
we hit nice at 124 $ support now . still in buy zone , we even can expect a drop to 95$ :Renko priceline type didn't formed a nice leg yet ... targets : 180-200$
Note
possible next move : 
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