Updated Litecoin Chart

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
6951 26
I missed a major trendline on my last litecoin chart. I've added that line and tried to be more accurate on the others.

I've mapped a potential direction on the chart. Another possibility is that Litecoin makes a major move and jumps above the trendline ( bitcoin did this). If that happens I think we will see a push towards 175.
Comment: It has been 2 months since I've updated this chart but all has gone as planned and hopefully some of you have profited on it. I don't think we have seen the bottom yet; however, we should see more of a bounce. As to how high it can go --- I'm not sure but we have have several levels of resistance that I am watching -- $102, $105 and then $110 for the time being.

Hope this chart has been helpful.
Comment: This has been a pretty brutal drop for litecoin but we are right where I thought we would we be. We should see a fight to hold this level but I am personally sitting on the sidelines for now. If we lose this level we will probably drop down to the $172 level.
Comment: Take a look at the RSI on the LTC/BTC pairing. This is the lowest litecoin has ever been against bitcoin. Over the next weeks/months I do believe litecoin will go lower; however, to do so the RSI needs to come up first. So, I have decided to open a long position.
Comment: What do y'all think? Will we make it all the way down to the $50 level?
Comment: Lots and lots of resistance here. I would not FOMO into a long position here.

Comment: Litecoin is almost a buy. It should fall down and hit the wedge line that it broke out from and that should give a strong reaction. Still some falling to do but I expect a large pump when it hits there. Good luck trading!
Comment: We hit the wedge line at 49.50. I have switched to long. let's see what happens now!
Comment: Finally getting some relief! Not sure if anyone still follows this idea but, if so, did you go long at $49?
Trade closed: target reached
Well done!
Wow! Well done.
great catch, unbelivable.
+1 Reply
I'm looking to dollar average myself in over the next couple months. I appreciate the simple charts with basic trendlines and momentum indicators. Makes it so simple to understand and obviously works. Thanks much I'm staying tuned B)
Smoak moveup
@moveup, Thanks!
Wowwww man, you are the best, i just hope you are right whith the move up too :)). Peace!
Smoak hauberhauber
@hauberhauber, Thanks for the kind words! You never want to be too confident but I feel really good about this next move up. Time will tell!
Most accurate analysis ever I have seen. Nice job!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out