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CryptoCheck-
Oct 23, 2023 1:27 PM

Litecoin Macro Analysis : BIG MovesΒ Long

Litecoin / TetherUSBinance

Description

β‹…
Hi Traders, Investors and Speculators of ChartsπŸ“ˆπŸ“‰

From the charts; a macro view on LTCUSDT with Fibonacci Retracement, Cycle analysis and Time Frame analysis.

By taking a detailed look, you can clearly see that the next phase bound to happen is the bullish phase, and Litecoin is no stranger to parabolic upside movements. I hope your bags are packed because once LTC moves, it's hard to jump onto a moving train.

The bullish signs are:

βœ… Consolidation under resistance zone / bullish
βœ… Higher Lows - buyers are buying up dips

What's still missing:

βœ… Bullish Technical Indicator (Weekly on CryptoCheck START v3.5)
βœ… Weekly candle close ABOVE 70


Even thought the price may continue to trade just under the resistance for another while, the next big market cycle is clearly the bullish phase.


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CryptoCheck

BINANCE:LTCUSDT

Comment

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Even thought the ABC correction is long over; I'd still like to see LTC trading back in the channel before calling bull run:
Comments
prefabsprout
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bag is packed. please be right.
CryptoCheck-
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@prefabsprout just patience now πŸ‘
Evar_Mayi
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nice analysis
CryptoCheck-
β‹…
@evarmayi cool thanks
BKTradingAcademy
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Excellent idea πŸ”₯
CryptoCheck-
β‹…
@BKTradingAcademy many thanks buddy
Babenski
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Hoping for that
CryptoCheck-
β‹…
@Babenski for sure
MartyBoots
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Always sharing perfect information. Nice analysis on LTC
CryptoCheck-
β‹…
@MartyBoots thanks Marty
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