Litecoin LTC - March 1st - Detailed Technical Analysis - T1 - $328, T2 - $400+

in #litecoin6 years ago


General Tone:
ABCDE triangle is in play during this correction phase. Once complete, a impulse 3rd wave attempt is likely to begin
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bullish
Short Term Bias (Today) - Neutral
Long Term Target Prediction - $414++

At the end of this symmetric triangle, we could be attempting our 3rd impulse wave up.

If BTC corrects heavily, we can see these below support ranges:

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Thank you!!! I was waiting for this for so long!

Mama Phil, can you please be kind to your baby pods and also make the BTC pair for bigger coins. The LTC/BTC pair is not moving like the U$D pair and it's making life difficult to read that chart ( I am not asking for targets, but more about EW pattern) Thanks

LOL - I'll upvote you as consistent as the sun comes up.

YES! This stuff is pure gold! Thanks for all the lessons, you are truly actively changing my life :)

After weeks I finally got my steem account verified! Already upvoted all of your posts. Thanks for sharing all this awesome content. Glad to see everything went well in the end after this couple days. Stay strong!

Awesome info!!! so much to learn. Hope i can do this myself someday

Absolutely incredible dude! You're on fire!! I love it. You faced a crazy awful experience and the bs adversity only made you stronger. You're the motherfucking man!! Thank you for everything x1000. <3 you mama wale.

So excited! I've always had a good feeling about LTC! Thank you for this one! :)

Also, its like 8am for you... Get some rest lol

Yeah baby! LOL. We're both up very odd hours.

Haha ain’t that the truth, seems to be our daily routine!

Thank you for keeping me busy with your videos all night 💙

Have a goodnight!

Thank you, I love you

Nice analysis. I think Litecoin is in a range right now until price breaks $180 (buyers at $180) on the downside and $240 (sellers at $240) on the upside. I also have long term targets of $280 and $320, but will need help from Bitcoin.

Bitcoin needs to absorb the stacks of sell orders at $11000 and $11400 (red circles) and eventually break daily supply at $12000 first.

The R:R video's are great! please keep them coming. Those video's help me planning stay relax and having good set ups and win over time :)

Talk about intuition just today I was wondering/thinking/researching flags. Not only that but I was about to close out a position and there were these walls of Sells jumping around wanting me to....sell!...sell! I almost did but I canceled my order and then boom, it went up! Spooky

what do you think about Haejin's analysis on LTC?

Love your risk management video, i re-watch them every time i lose a trade.

Thank you for a great analysis again. And also I now know who to call when there's something wrong with my Sony TV!

I love you too and I love your risk management video. it taught me well. ^^

Yes I do, Philakone! I just wanted to let you know that I enjoyed every minute. I also jumbed back a few times to certain parts just to absorb as much information as possible. I really appreciate what you've been doing. Please, don't stop ever ;)!

Help me Obi One Litecoin I need you to post new highs.

Thank you for the dedication, im in this trade now. if we hit 300 dollar ill be donating 100 dollars to lunas alcholic fund... lol. Have a great day

Great video as always! I honestly apologize for my twitter comment about drama. Very unhelpful. If you would consider un-banning me I would really appreciate it.

Appreciate all that you do on Twitter, Youtube, and Steemit. Been following since Feb 2018. It also took a few weeks to get approved here, but now able to give you props for all the TA and education you provide.

thank you for all the stuff you are posting! i'm learning a lot from you.
also: good to see you're back!!!

great TA phil... you are a superhero of TA's
can a breakout happen on 10-11 march at about 225-228 dollars?
i think its possible... i know phil you feel boring to do a time analysis. :D
i just gave it a try... i truly dont know if its goin to happen at that particular time...but i am sure its goin to... around that time.
https://imgur.com/a/lcCh2
sorry guys i have to post an image link coz i cant upload a pic due to my reputation (all thanks to that demon @haejin that downvoted me with his full power for just saying truth.)

Please keep the risk analysis up. vital! Great work👍