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Analysis: Watch Litecoin again

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Analysis: Watch Litecoin again

Introduction

This article was posted on Thursday, 07:03, UTC.

Litecoin Litecoin has successfully closed above the arc that had been dragging it down.  I believe the low is in and a rally will ensue to at least $40. Stellar Lumens Stellar Lumens had had a huge advance, stopped not once but twice by the top of this setup. We are now below the 5th arc again, and just below (at?) the 2×1 angle which has provided support since the rally began. We are sitting on an energy point in time (red vertical line). This is not a buy here.  At best it is a hold.  Traders sitting on huge profits might…

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Jim Fredrickson

Jim Fredrickson

Jim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here. If you do well as a result of suggestions made here, feel free to say thank you :) BTC: 1FUq3GB1Q8zz2JpuBr7YHzVBKnaWoxgmya Follow him on Twitter (@jimfred1276) or email him at jimfred1276 at gmail.

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