💎#LTCUSDT shows great potential on the weekly chart, primarily due to a significant bounce off a key demand zone. Previously acting as a supply area, #Litecoin demonstrated a clear rejection of this level in March, indicating a shift in market dynamics.
💎To validate the bullish trend, we need to witness the formation of a new higher high, preferably accompanied...
Hi guys!
LTCUSD has formed an ascending triangle after the sell-off, is about to test the barrier once again where it might continue the down-trend.
Wait for the retest of the barrier and a breakout from the triangle.
Hello guys, like I predicted (click the link below ) LTC started the move up. Now you wait for consolidation if you missed the first move up. The first target for profit is 140 USD!
The thing to realize here is we are in a bear market. There are few reasons to say that we are at the bottom at this point.
Technically here are some major bearish indicators on the daily chart:
1. RSI is negative and no signs of divergence or bottoming
2. Overall down trend.
3. MACD just turned down and going into negative territory
On the smaller time...
We all want to see LTC bounce and go up to the moon... but why must it break our heart so many times along the way?
This most recent crushing strike has knocked LTC completely out of short term support and back into long term levels. Right now it has caught at the fibonacci - but this is not a stable support and can easily give way to another bad day of trading....
I think we see Litecoin OKCOIN:LTCUSD THEROCKTRADING:LTCBTC moving in quite wide channel here. We are reaching almost resistance level and stochastic shows overbought market. I think within few days, maybe week we can expect price decline to like 3.0 - 3.1 USD per LTC
Thanks for commenting and sharing your thoughts on this analysis
