alanmasters
Long

Litecoin Retrace Complete? (Looking For Support)

BINANCE:LTCBTC   Litecoin / Bitcoin
I am looking at Litecoin ( LTCBTC ) and the retrace from the last bullish wave might be completed.

After reaching a peak on the 6th January, Litecoin ( LTCBTC ) has been on a full retrace. On the way down, it has been breaking support after support until the price starting to flatten out.

Here are the different signals that are pointing to "support found" for LTC:

  • LTCBTC has retraced all the way to .786 of the Fib. retracement tool, which is an important support level .

  • EMA200, EMA300 and MA200 all were able to sustain the drop so far.

  • After these moving averages lines and fib. levels were tested, we have a slight increase in green volume .

  • I can also see a break above EMA10 with a full green candle, which is bullish .

  • There is bullish divergence spotted on the MACD and RSI .

  • This is a good set up for a trade.

What's your take on Litecoin's next move?

Do you believe it will go up or continue consolidating sideways?

Or you believe Litecoin will go down?

Please let me know in the comments section below.

Namaste.
Jan 17
Comment: If enough likes are giving to this trade idea, we can start a safe, very profitable and easy to follow Litecoin (LTCBTC & LTCH19-BitMEX) trade.

Thanks a lot for your continued support.
Jan 18
Comment: Use the comments section if you have any questions, I will be more than happy to answer. This is true for all of my posts and trade ideas.

Namaste.
Jan 18
Comment: Litecoin (LTCH19) trade as promised:
💬 Free Telegram | https://t.me/AMTrades

🌐 Alan Masters Trades | https://alanmasterstrades.com

🅰️ Alan Masters Crypto | https://t.me/AMC1REGBOT

⭐️ Binance Calls | https://t.me/BCREGBOT

💎 BITMEX BLACK LIFETIME | https://t.me/BBLREGBOT

Comments

Please publish bitmex idea as well
+1 Reply
alanmasters malditoduende
@malditoduende, Will do when the time comes.

Thanks for the comment.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out