I wanted to take you all through a chart that is setting up for a very strong performance over the next few weeks. I've made quite a few videos on Litecoin but think this prediction will serve as one of my best - and is released as a STEEMIT EXCLUSIVE. Hope you enjoy!
We start by looking at the breakout that happened shortly after New Years. By drawing a fibonacci line between the minimum and maximum of this breakout, we gain several major areas of support and resistance that we will be using in our upcoming analysis.
As we see these lines are still very prominent in today's market.
Now we can see that there is an extreme divergence building inside this chart.
The 7 is negative, meaning the quick money has left the coin. However, both the 77 and 231 are both highly positive, signifying that the long money still highly favors the coin, even at higher prices. This can only mean that the long money will buy up the quick money, and Litecoin will soon break out.
In drawing in a few cycle lines for positive and negative energy flow, we can pinpoint his shift to happen on or around March 1, 2018 - with Litecoin flowing upwards with the newfound positive energy from the long money in the market to test all time highs at 0.23BTC (gain of 15% from today's price).
If this energy continues we can see LTC go as high as 0.027BTC by early April.
I think LTC is an AMAZING buy at today's price and should serve as a nice hedge against a weak bitcoin.
We can still make money during a correction - and this is how we do it - LIKE A BOSS!
I hope this helps you to understand the energy in the market so that you can make money. If you appreciate me taking the time to communicate this information specifically for Steemit then please follow, upvote and resteem. I don't do it for the money ( I usually give it away ) but the algorithm allows these posts to reach larger audiences if I have higher levels of engagement.
Until we meet again - Stay Cryptic Ya'll.
BK
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