LITECOIN GO UP.. BECAUSE IT EXCEED THE DOWN TREND LINE
With bullish sentiment on $btc a close above the upper trend line would be a buy for me.
We broke out of the 17 day consolidation flag and gave a flat top breakout. 15 Minute chart shows a intraday flat top b/o offering you a easy low risk trade.
First of all LTC need to close daily candle above resistances(now it is above). Situation for now: price brokeout resistances R,R1,f(fractal resistance)! To the moon! Use supply zones as targets.
Watch closely as the right shoulder is about to make a critical movement on the weekly chart that could signal price reversal. RSI indicates $LTCBTC has been oversold for a significant amount of time. FIb levels on the weekly provide STRONG support levels.
What will happen next depends upon triangle breakout.
Nice W off of the 61.8, broke the recent lower high of the W. Respecting major trendlines, 61.8, and overly bullish volume. Enter on the retracement of the current leg it is making to finish off the W. Happy Trading :)
LIT is forming a head & shoulder. On its break we can see a target of 17. We are considering to take Aug16- 22.5 put ($0.9) You can check our detailed analysis on - in the trading room/ Executive summery link here- www.youtube.com Time Span: 4:40” Trade Status: waiting for the entry price to meet
BTC USD rebounding strongly off of a 275 low earlier in the week. Main target for this leg of trading will be in the 390 area. This point harbors the crossroads between 1.618 fib, medium term down trend and short term up trend lines. The degree of retracement off of this high will be an important signal to the outlook for BTC USD in the medium term. Targets...