COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTC against USD testing hourly support. A break to the upside, which I believe is unlikely, moves to targets at 64 and 69 where previously established resistance lies. If support does not hold, there is support at 60. 40 , then stronger support at 57 and 55. These present, in my opinion, solid buying opportunities. The long term trend on the weekly chart shows consolidation, which is the gently sloping horizontal line in the chart. As I believe LTC is still in this pattern, I expect regression below this level.

The 2X failure has changed the BTC landscape, but overall crypto market cap remains stable just north of $2B USD, indicating a shift to alt's. ETH is currently enjoying a short bull run, which I do not expect to sustain, given the woes in Parity wallet and talks of a hard fork as a result. This news could likely push funds to LTC or BTC .
Comment: I spent all day yesterday rehashing this idea, re-reading charts to see what I missed. Timing is apparently what I had wrong.

Comments

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 Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out