VincePrince

Litecoin, Next Formation Completes In Schedule, Continuations!

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Hello Traders Investors And Community,

Welcome to this update-analysis about Litecoin, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect the upcoming times. As mentioned in previous analysis Litecoin has built this major ascending-channel which was likely to complete as a bear-flag which then also finally happened and Litecoin moved on to form the second bearish formation within the schedule, the ascending-triangle which also recently completed bearishly, all this giving Litecoin the bearish edge here and therefore I detected all the important levels and likely outcomes we should consider with Litecoins established structure and the upcoming destinies.

As when looking at my chart we can watch there how Litecoin now fully completed this ascending-wedge-formation bearishly to the downside with these strong moves to the point in which it is trading now. Currently, we can expect the bearish pace to move on and continue as there is so much evidence given, the big question then will come how Litecoin further continues when it moves into the lower support and possibly bounces from there, in any case, the bearish perspective should not be underestimated here and especially when Litecoin increases with further bearish pace after moving into the targets and do not manages to stabilize from there this can indicate further bearish pressure continuation. For now, it will be important to elevate how XRPUSD reacts to these supports and how it will move on further from there, it will be an interesting development.

In this manner, thank you for watching the analysis, have a good day, great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the markets.
Comment: Origin-Analysis:
Comment: Follow-Up-Analysis:
Top Exchange PrimeXBT, sign up and get promo codes:
Vince25 -> 25% trading fee discount
Vince50 -> +50% welcome bonus on first deposit
https://u.primexbt.com/Vince

Comments

A great entry point.
+1 Reply
VincePrince Yuriy_Bishko
@Yuriy_Bishko, Thank you
Reply
A well-developed trade analysis!
+1 Reply
@abel11, Thanks a lot! All the best.
Reply
VincePrince, you really are good at your trade. I love the education you are giving us. Thank you for the time you put into helping us TA challenged!
Reply
Very detailed analysis, thanks man !
Reply
VincePrince SR7-Tradings
@SR7-Tradings, Many thanks! Greatly appreciated. 💯
Reply
I bought in 130$ in futures long, i want to keep it untill 117$ ,to buy again long for decrease my average . What do u think ? Please help me
Reply
VincePrince imaneslamiii
@imaneslamiii, Hi, I can not give you a recommendation on this because the idea is only for educational purposes buddy.
Reply
Post your comments, questions, and ideas about LITECOIN here.
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 Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out