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LewisGlasgow
6. Apr. 2017 20:22

LTC/USD - Price Structure 

Litecoin / United States DollarCoinbase

Beschreibung

What's up everyone, here we have LTC/USD on the 30m chart with a very distinct ascending channel.

The main purpose of this post is to highlight the key price structure within the market... Refer to this chart whether you're going long or short.

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Kommentar

We have now broken and closed below the trendline, if the momentum continues we'll see a drop to $8.

Kommentare
infoart
Maybe it was a false breakout and we return to the canal. What do you think about it?
LewisGlasgow
@infoart, I think everyone at the top wants to believe this is true, however you cannot ignore what is right in front of you.

If we break the current support level litecoin will drop to $8 as I previously mentioned.
Vitty
@LewisGlasgow, hello! Any thoughts on LTC technicals? If we knew when LTC will announce Lightning network...
LewisGlasgow
@Vitty, I don't trade LTC anymore, but I may draw up technicals in the future for others
azuolas
reddit.com/r/litecoin/comments/63zy21/wang_chun_f2pool_336_price_wizard/
Wang Chun = F2pool = 33.6% = Price Wizard

Only him can make litecoin price to go to the moon or to the hell.
How do you like decentralization? Everything is in one person hands.
What morons we are?
LewisGlasgow
@azuolas, yeah he pulled out of segwit yesterday, shook the market and Charlie Lee announced he's back in, the very same day without any message from Wang Chun.
azuolas
@LewisGlasgow, I am moron. Because I was dependent only on one Chinese guy. I put my money without understanding that he is in charge here completely. there isn't any decetralization. it is a joke of decentralized currency. good luck with that.
azuolas
@azuolas, litecoin mods using censorship. they are afraid of this understanding.
infoart
The channel was struck. What could be further?
LewisGlasgow
@infoart, well... A drop to $8
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