just5

LTC/BTC ~ 4-years channel Plan > retest 4-years channel (0,0032-0,0030 = ~ Fib 0,382) and moon Target > ~ 0,010 - 0,013 Time > ~ 5-8 months (april-july 2023) P.S. I know in the previous forecast I overestimated the bulls, it's because I thought we still have time before the start of the bear market. But look how perfectly the channel worked. I think that we will still test it, as a correction, before the moon. -------------------------------------------------------------- The first reason is that Bitcoin has not bottomed out. (13,000$ - 10,000$, perfect - 12,000$) The second is that Litecoin has not bottomed in the USD pair (experience tells me that it is somewhere between $40-25, but if you see $30, don't wait for $25) or has not tested the intermediate bottom ($40). -------------------------------------------------------------- I don't think the bear will last long, it may take a few days or hours to resolve. Maybe I'm wrong, and from here we will leave $ 100 or even more, you always need to have a back-up plan. Keep abreast of the marketTrade activeTrade active: Time to goTrade activeComment: So I don't know if we will test the downstream channel we left. Perhaps this will happen much later, for example in the next 2 years. Now we are seeing some consolidation ahead of the momentum.Comment: So.. we're almost here maybe I drew the channel line a little not exactly. Let me explain, the channel is drawn along the body of the candle, or along its wick. I've added an updated picture, testing zone for the coming weeks, around 0.00313. Fibo zones in different variations indicate the level of 0.00318 and even 0.003. At the same time, we tested the 0.5 fibo level, the total increase since May 2022. Based on the above, I can assume several scenarios for the development of events: -We will test the channel level, 0.00313-0.003 -We have already tested everything, and from here we will go upstairs. An error of 5% is not fatal. Regarding the price in dollars, maybe bitcoin will start faster than litecoin, and we will test the channel, but without the ltc\ usd drawdown. And one more thing I have to say, maybe there will be no corrections before the halving at all, take this into accountComment: An error of 5% is not fatal. But... we have reached 0.00313. The rest of the dive is not so important for us, it will be visual and technical in order to build a model for takeoff.Comment: soonComment: so the first part ended, we did it. i'm expecting a reversal up, maybe next week we'll see ~0.003 as one of the pivots, i'm not sure what it will be, but it's possible. part two. As for the points for the bull, what I wrote above (0.010-0.013) is an optimistic scenario, more accurately close to reality. But we had less time left than I drew when I created this idea, so I had doubts that we would test the channel right now, and not later. The pessimistic scenario for this is 0.005-0.007. But this is extremely pessimistic for such a long bear market.Comment:

Fast Rabbit or Smart Turtle Ok, let's try to figure out what's going on. First, I would like to start with my previous chart (published Jan 13, 2021) which I am constantly updating, tired of updating. The bullish parabola worked, although not in the way I expected, summer suddenly popped up and ruined our plans to be rich. And the 5th Elliott wave turned out to be shorter than the 3rd, and did not even reach 400. After that, a bear market began, and we will talk about it. So, I have doubts that the bear market is over, maybe it is, and we are in the accumulation phase, but here's what gives me peace of mind: 1) Bitcoin, did not finish the final candles. 2) LTC/USD just touched $40, flew off in a bullish channel (which looks like a bear flag twin), and trades at 2x its low. 3) LTC/BTC broke through the 4-year down channel and flew quite high, didn't even test it, and all that's holding it back now is candle shadow resistance and bitcoin uncertainty. What's next? 1) The red channel is over, that's understandable 2) As a resistance, we have an ascending green channel, and the level of $78 (1 weekly close). I want you to understand that this is what is holding back growth in this piece. 3) Below the main green, we have a supporting green, and a yellow resistance channel (from the tops of 2021 where the 3rd and 5th Elliot waves ended). Below they are in contact, the price will not necessarily come there, but this is the place of a potential fall - IF IT WILL. PS: I want to note that the upper part of the YELLOW channel can be a problem for us, a good resistance (about $100) if we break through $78 and the green channel. I am sure that there will be NO problems if we charge below before growth. <--- I also have a theory, in favor of the bear, that this correction is quite difficult, and now it looks like a 4 bear wave, wave 5 will complete it somewhere between $40-25. (wxyxz) ---> Results: I don't know for sure where the market will go. I remember about the halving, but it doesn't hurt to throw out everyone who is holding a long in the end. So let's buy it for $40... or $140. Not long left waiting!Trade activeComment: the more time passes, the less likely it is to fall below the 2022 levelTrade active:Comment: I can't say how deep the correction will be. But once we get past some serious resistance, $94-$107, and the yellow bearish ray, we'll go up significantly faster. The momentum will do the trick. I have very optimistic prices on this subject, but I guess I'll keep them to myself.Comment: soonComment: As I mentioned earlier, the yellow descending channel, as well as the resistance in the $94-107 range, became a real problem for us, and in the aggregate, we got a liquidity dump and a rather deep correction. But But now, after this exhalation, the range mentioned above has become much easier, don't be surprised if this time we go through these levels as simply as a hot knife through butter. Also, I will inform you that the LTC / BTC correction is almost, or has already been completed. And it looks almost perfect, I can add that it will probably be finished with a quick bitcoin jump, and then LTC / USD will not be subject to fall. The likelihood that we may not see another correction, until almost the halving, is extremely high. In fact, the next major resistance is in the $370-$413 range. This does not mean that we will take off there. But if you ask me - "Is it possible?", I will answer - "Definitely, and maybe even ...".Comment: we still play this gameComment:

Inception. The main rule of reality is not to be entangled in your illusions.Comment: broken and tested -possible to re-test again -next target $30,000 (bull) or $20,000(bear local)Comment: we tested the local bottom - $20000, also $19666 is the ath of the 2017 bull cycle. here's what I expect next, perhaps we will repeat the spring of 2022, but in reverse orderComment: Once the bulls take $30,000, the intermediate target will be $35,000 and the main target will be $40,000-$48,000. The bear is waiting for us for $25,000(local)-20,000-15,000(local)-12,000$