keeps your eyes on the LTC , see this idea before you sell
Hello traders in this idea i wanna to show you one of the high potential coins for buy and hold .
let's start with the weekly time frame :
in the weekly chart you can find some interesting thing which maybe shock you ; before we goes into the chart let's have quick look at the TSI indicator :
in the weekly TSI you can see when price breaked below the zero line LTC price start to drop but actually before the TSI break the zero line price hit the monthly strong resistance .
but the interesting fact about the zero line is that this line usually tries to act as support and resistance and when TSI found support from the zero line price start to rise .
but what's about the chart ?
in the chart you can clearly see that LTC price create something like a cup and handle after breaks above the monthly structure ( purple box ) and retest it as new support price start to rise about 250%
now LTC price breaks above the weekly structure ( red box ) which is very alignment with the 21 ema ; and now try to retest it as support and hopefully price still is above the 21ema and also the weekly structure .
here you can see the daily chart :
in the daily chart after price found support from the weekly resistance goes to the daily support which is alignment with the 0.382 fib level but another reason for the LTC drop is BTC dump .
personally think , as long as price hold above the weekly structure and close the weekly candle above the support we can say price still remain bullish but for short term we can see clear rejection from the 0.382 fib level .
in this idea i want to show you LTC/BTC chart also :
in this chart you can see price reach all time low and also the weekly support and also we can see clear falling wedge in the chart , so personally think it's very possible to see very hard pump for the LTC in the following month.
I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for watching my ideas
let's start with the weekly time frame :
in the weekly chart you can find some interesting thing which maybe shock you ; before we goes into the chart let's have quick look at the TSI indicator :
in the weekly TSI you can see when price breaked below the zero line LTC price start to drop but actually before the TSI break the zero line price hit the monthly strong resistance .
but the interesting fact about the zero line is that this line usually tries to act as support and resistance and when TSI found support from the zero line price start to rise .
but what's about the chart ?
in the chart you can clearly see that LTC price create something like a cup and handle after breaks above the monthly structure ( purple box ) and retest it as new support price start to rise about 250%
now LTC price breaks above the weekly structure ( red box ) which is very alignment with the 21 ema ; and now try to retest it as support and hopefully price still is above the 21ema and also the weekly structure .
here you can see the daily chart :
in the daily chart after price found support from the weekly resistance goes to the daily support which is alignment with the 0.382 fib level but another reason for the LTC drop is BTC dump .
personally think , as long as price hold above the weekly structure and close the weekly candle above the support we can say price still remain bullish but for short term we can see clear rejection from the 0.382 fib level .
in this idea i want to show you LTC/BTC chart also :
in this chart you can see price reach all time low and also the weekly support and also we can see clear falling wedge in the chart , so personally think it's very possible to see very hard pump for the LTC in the following month.
I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for watching my ideas