from our last analysis which i tagged below close to the comment section you will the big sell i forecaster
i will wait for candle formation to update buy or sell
hi friends there is forming wedge on ltc chart and ltc can go little low before explode it may comes and take support on that 100day Ma red line so can place buy order near 0.0193 sat. dmi is also about to cross so be careful chart not signalling for buy but we can buy at lower support of that wedge and then ltc can make reversal wait for the buying...
Litecoin is now testing strong resistance at 183 (descending resistance line, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 167 support (Fibonacci extension, horizontal swing low support). We have to keep an eye out on our ascending support line as only a break of that would signal...
Litecoin is in a descending channel with first major support at 167.12 (Fibonacci retracement, horizontal swing low support). Only a break of this support could trigger a bearish move down to 140.49 support (Fibonacci extension, horizontal swing low support).
RSI (34) is in a descending channel similar to the one we’re seeing in price.
Trading CFDs on margin...
Litecoin is holding well above our ascending support line. The key idea is to wait for the break of major support at 249 (ascending support, horizontal overlap support) and this could trigger a bearish exit towards 223 support (Fibonacci retracement, elliott wave projection, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 96%...
