Ambassadorj

Ambassadorj

As above. Multiple rejections at just over $62. Bulls look like they are loosing grip this AM with sideways trading. LTC risks a break down out of the recent small up channel esp if the $60 support level is violated. Will continue to watch.

Ambassadorj Updated 

As above.

Ambassadorj Updated 

As above. Surprised Crypto has held up that good with today's big drop in the stock market. May be a good sign? Buffet can kiss my Crypto trading butt and Justin Sun etc.. obviously failed once again on the world stage at helping anything Crypto related but who gives a care if we can still make money off these electrons. Anyway, LTC looking like it has some...

Ambassadorj Updated 

As above. Need to breakout of channel before would consider going all in again. Teetering on start of bear market versus corrective wave 4 of 5 in this overall all uptrend that hit mid $85? Was it too good to be true? Where are the LTC whales and Bulls gone? Need to pump to $100+ at least before BTC halving or I'll be very disappointed and you do not want to do...

Ambassadorj Updated 

See chart. Possible case for bullish run... will have to wait and see how this plays out the next few days should be very telling!

Ambassadorj Updated 

Rejected at least 3 times recently by the strong resistance at mid $73 area. Likely move down in the channel with what I believe support at no lower than low 60s but will have to see how this plays out. BTC price action also in play and may complicate LTC analysis. Stay tuned.

Ambassadorj Updated 

Stochastic RSI on 1W looks pretty over sold and the Accumulation/Distribution Indicator looks like it is cooling off and may be heading in the down direction.

Ambassadorj Updated 

LTCUSD: Interesting predicament! Price caught between 100 EMA below and Bollinger Band MA above. 1D chart though looking like some rejection of price at moving average line of Bollinger Band and this might be an indication that lower prices to follow down towards lower Bollinger band. Will keep watch. Good luck!

Ambassadorj Updated 

There appears to be a round bottom that has formed on the 1D, 3D, and 1W chart for LTCUSD. This may indicate a long term reversal is coming; however, we need confirmation when there returns an uptrend and the resistance at $63-64 area is broken. I anticipate there will be some continued down trend in the mean time that may even form a "cup and handle" and again...

Ambassadorj Updated 

Look out...symmetrical triangle forming on 4H and possible down correction by $4-5 coming soon. Will watch carefully.

Ambassadorj Updated 

I think we have more room to drop with subsequent consolidation and accumulation to follow before the "real up trend" begins in the very near future. Could see return to $45ish area or below. Not advice but a mystic vision. Happy trading.

Ambassadorj Updated 

Possible head and shoulders forming on 4H. If breaks $55 neck-line than move down to ~$47 range possible. Will have to wait and see how this plays out.

Ambassadorj Updated 

LTCUSD 1D Log scale looks likes its going....in a bad way... Could this be possible? Charlie Lee what have you done or failed to do for us?

Ambassadorj Updated 

As above.... getting closer... butt not yet. Whatcha think? Websters dictionary: bot·tom noun The lowest point or part of something. Urban dictionary: bot·tom noun One person is underneath the other. that would be the bottom, who is usually the less dominant one in the relationship.

Ambassadorj Updated 

Overall macro trend of the LTC drop appears to be slowing down in this over all down trend that started June 2019. I agree with some of the others posters that we are just starting or are very close again to a reaccumulation zone and/or "bottom". We had a nice bump this last week in LTC price but we are currently in an overbought zone with what looks like going...

Ambassadorj Updated 

As above my friends.

Ambassadorj Updated 

BTCUSD: 1W sub $5000 a interesting possibility before halving. Some sort of "neck line" @ around $7800 and then support@ mid $6000 level and if that is breached then lower is very likely pretty quickly. Could see bounce off 200 EMA on weekly chart at ~$5000-4500 level eventually? Just an observation. Good luck.

Ambassadorj Updated 

LTCBTC: Playing out on the 1W chart as above. MACD and RSI looking to reverse and price action soon to be above the 50W HULL moving average. Overall, looks like we are getting close to the bottom before the end of the year. Until then, will possibly see a few more weeks of continued sideways movement and then a final slower downtrend to the actual bottom. Can thus...