Litecoin Hits Support, Potential Bounce Zone

BINANCE:LTCBTC   Litecoin / Bitcoin
Litecoin ( LTCBTC ) has hit the 0.786 Fib. retracement support and is now trading just above EMA100, sitting on a great spot for a bounce, but there are a few things to take into consideration first... Feel free to hit like now and let's continue with this analysis:

  • LTCBTC has been showing huge momentum on the drop , so it can still go a bit lower.
  • If EMA100 doesn't hold (daily candle closes below it), then you can expect for EMA200 to be tested.
  • If EMA100 holds as support, we can expect Litecoin to bounce and start a new wave up.
  • Green volume was good yesterday, bulls need to follow up today for a bounce.
  • Different scenarios drawn on the main chart.

Thanks a lot for reading.

Comment: Bitcoin update:

Tron on BitMEX (TRXM19)(140% ROE on 10X):
Comment: Perfect bounce for our LTCM19 trade.
🔥 Telegram 💬

🌐 Trade Crypto NOW!
(Crypto-Trading, Altcoins, Binance, BitMEX, Strategy, Chat & Support)

✅ Telegram Signals


Related Ideas

Is it coming now?
@mr.bergan, The trade idea didn't receive enough likes... I will post a new one.
Thanks for the idea.
What about small cap Alts Like: NPXS, BTT, and DENT that is in it's 2017 ICO Price ATL 99.7% DOWN? Please also look at DENT. Thanks.
alanmasters irfanali741
@irfanali741, Give them 2-3 weeks and they will start some good bullish action.
irfanali741 alanmasters
@alanmasters, Thanks for the reply on time. God bless you.
+1 Reply
alanmasters irfanali741
@irfanali741, My pleasure. :)

All depends on BTC. However, it seems a bit like alts reaching their support levels are a point where bitcoin stops falling too. So, are ALTS not running the show on a drop with BTC running the show on the rise?
alanmasters matthevandaalen
@matthevandaalen, They might rise when BTC falls.
Yesterday's candle has formed a nice hammer. Maybe we will see soon a reversal?
alanmasters CryptoTraderXL
@CryptoTraderXL, Yep, most likely.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out