Litecoin remains under downside pressure on Monday as the popular cryptocurrency fails to attract any meaningful buying interest. Overall, a breakdown below the $82.00 level is likely to prompt a further bearish move towards at least the $70.00 level. Only a sustained move above the $130.00 resistance level can secure the fifth largest cryptocurrencies overall weekly outlook.
The LTCUSD pair is only bullish while trading above the $130.00 level, key resistance is found at the $140.00 and $165.00 levels. If the LTCUSD pair trades below the $82.00 level, key support is found at the $70.00 and $65.00 levels.
Hi,
I like your charts, and your work.
This is my LTCUSD Chart, and I see something I do not like.
Can you comment this one please?
Thank you.
OctaFX_Official
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@CryptoTrend-Alerts, hi, ersonally I don't recognise your Hidden divergence. That's not to say you are wrong, it's just not how I interpret your indictor , which I am assuming is MACD. What I see is the weekly chart coming to a point of possible consolidation as the moving averages have converged to nearly a cross over. This could be a case for a bounce higher as it was in Oct/Nov 2018. Look left on your chart.
What I am also interested in is the level you have marked (B). If this holds we are in for at least 1 wave higher, as these impulsive waves come in 3's usually. Though as BTCUSD is not making significant moves higher, we may actually be still in a sideways correction which puts any 3rd impulse form 79.0 capped below 138, with a short term down trend to 79 likely again.
CryptoTrend-Alerts
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@OctaFX_Official, Thank you !
I Think we agree on this: "What I am also interested in is the level you have marked (B). If this holds we are in for at least 1 wave higher, "
I like your charts, and your work.
This is my LTCUSD Chart, and I see something I do not like.
Can you comment this one please?
Thank you.