Posting this LTCUSD publication ahead of time to use in conjunction with the previous LTCBTC publication before posting a Video Publication for LiteCoin. REMEMBER: We have a LiteCoin Block Halving Event coming up the first week of August. Posting chart again in case Trading View's platform scrunches up the cover chart for this publication.
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I know $248.00 for a minimum high seems crazy as hell; considering we are less than half of that right now at $117.32. However, I'm anticipating several HUGE Daily jumps during the month of June. I'm anticipating at least one Daily Jump of approximately $50 and one Daily jump of approximately $30 during the LiteCoin Block Halving Pump.
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Made a few corrections to this LTCUSD chart. I've been up all night. It's currently 12:35pm (shortly after noon). Time to get some shut-eye.
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Just letting you know it is POSSIBLE for us to go higher than $248.00 before a consolidation event begins. Here's a look without indicators in the 2-Week TF:
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I'm "guesstimating" this upward pressure may come to a pause and consolidate on the 2-Week Candle Beginning June 10 (June 10th through June 23th) or on the 2-Week Candle Beginning June 24 (June 24th through July 7th). We may have a better idea with the indicators on June 10th (Date for the Creation of the next 2-Week Candle).
I was just looking back through some of your older posts to try and gain some clarity on your analysis. While getting price action precisely correct is extremely difficult, I do really appreciate the fact that you were able to grab the overall trends in the market on this analysis. Can you explain to me the significance of the yellow and green dashed vertical lines in the original analysis? looks like you nailed the pullback around the first yellow vertical and then missed the bounce slightly by a factor of the second green line to the second yellow line. Again, this is not me trying to be critical at all. I'm honestly impressed with the accuracy of the timing. I'm just trying to gain a better understanding from you.
Thanks for dropping by and that's an excellent question...
I placed the different color vertical time lines on the chart myself. I made the yellow color to signify reversal to downward pressure and the Green for reversal to upward pressure.
I must also point out I HAVE GAINED A LOT MORE INSIGHT INTO PATTERNS IN MY INDICATORS SINCE THIS POST. If you were to look at more recent publications of mine, you would see what I mean. I did not mention a lot of things in this or previous publications the way I've been covering things in more recent publications because I've picked up on more important patterns in Godmode (Phoenix 1.118) when using multiple time frames to identify reversals.
If I had been aware of the pattern I KNOW NOW back here in May, 2019, I would have KNOWN we would not have a higher high and we would have in fact had a lower high. Which means my price prediction would have been more accurate. I'll point out a lot of this on my website when it goes LIVE.
Have a look at recent posts in the comments section of this publication below:
I was just looking back through some of your older posts to try and gain some clarity on your analysis. While getting price action precisely correct is extremely difficult, I do really appreciate the fact that you were able to grab the overall trends in the market on this analysis. Can you explain to me the significance of the yellow and green dashed vertical lines in the original analysis? looks like you nailed the pullback around the first yellow vertical and then missed the bounce slightly by a factor of the second green line to the second yellow line. Again, this is not me trying to be critical at all. I'm honestly impressed with the accuracy of the timing. I'm just trying to gain a better understanding from you.
Thanks again,
jpm6g