Litecoin continues to maintain the range, but is tending toward lower levels. The price has drifted down from highs at $66.94. A red triangle on the KRI has confirmed resistance here, and this is the level to break if we want to consider a proper bull rally. If so, there is a vacuum zone to our next target at $71.62. We have strong support from $61.75,...
✅LITECOIN is trading in a bearish triangle So I am naturally bearish biased But we need to wait for the breakout To get a confirmation and then go short SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
As mentioned in the previous analysis, the most important level of demand is in range of $ 29,500 and the most important current level of supply is $ 31,400. The break or reject of these levels is very important, if the price can maintain the current level of demand we can expect growth to higher targets. The first target will be above $ 32,300 and the second...
Litecoin is still ranging maintaining the behavior it has held for almost a month now. We keep testing the low $60's, and we have added $61.75 as a new technical level which seems to be the lower bound of the range. Volatility has consolidated immensely, with $66.94 a hard upper bound to the range. The Kovach OBV is flat, so we will need more momentum to come...
According to the latest analysis, Bitcoin's price started to correct exactly from the range that we showed on the chart to the demand Zone (29500$) , After that, with the correction of DOLLAR INDEX , bitcoin strengthened again and returned to the same level before the correction, if it can break this resistance, the next target price will be above $ 32,300. ...
Litecoin could be a surprise performer for the crypto market in the days ahead. Regulation could push capital away from most other altcoins, while Litecoin gets a seal of approval that final gives it a spark. This expanding ending diagonal fits the theory extremely well.
Litecoin has retraced back to the lows of the $60 handle, exactly as we mentioned yesterday. We were sure that $66.94 would be a hard upper bound and warned readers to that effect. Sure enough, LTC swiftly sold off from this level to the aforementioned support. We do appear to have strong support at $61.80 or so, with several green triangles on the KRI...
Broke down from a three month long rising wedge, and rising widening wedge. The rising widening wedge has a measured move to $64-$68 which is confluent with multi-year rising wedge support. It is now apparent that market makers registered a new ATH, to grab liquidity from 2017. It is usual that liquidity grab is followed by a drop. It is quite fascinating that...
Litecoin is really oversold and has been for a while now. On the weekly time frame there is major bullish divergence on the MACD that has been brewing for almost a year now. The last time this happened Litecoin had a move of about 600% up. The divergence has been in play for a long time and I believe this time we will see a massive move up like no other. I can...
Litecoin has seen a small pivot with the rest of the crypto market following a small rally in Bitcoin. We were able to pivot off of support in the lower $60 handle, but found immediate resistance at $64.37, then $66.94 which is a hard upper bound. We have cited these levels numerous times in the reports, and they continue to hold. It is unlikely there will be...
Update : The price has reached the demand zone at $ 28,300 and is currently reacting to it, if the price attacks to the level below $ 26,600 and if this bearish move will be consolidate , the price can fall to the range of $ 22,000. If this support level or liquidity pool below the $ 26700 can ease the selling pressure (That means the price will penetrate below $...
Been like forever. BBs on the 2W chart looks very similar to 2017, maybe this time price can finally get back to the top of the channel. Lot's happening with Litecoin this year, perhaps enough catalyst. Ratio is also sort of set up, nearly 4-5 years of accumulation, breakout won't be tiny.
and we probably enter into the 30's good setup #altcoins look so weak right now Hate to be bearish, but the price action points lower
Litecoin drifted upwards after getting some buying interest from lows around $60. We edged up to $64.37 but faced immediate resistance there and faced a rejection back to the lower $60's. These levels do not seem enough to entice buyers in any significant way. Our levels at $64.37 and $66.94 appear to be hard upper bounds and barriers to Litecoin. In the event...
Litecoin Intraday - We look to Sell a break of 62.54 (stop at 64.80) The primary trend remains bearish. Sentiment remains negative despite the pull-back higher in prices. A break of 62.54 is needed to confirm follow through negative momentum. The AB=CD formation target is located at 56.00. Our profit targets will be 56.10 and 54.00 Resistance: 64.30 /...
Litecoin has slumped after holding on the high $60's for a few days. We noted the weakness and expressed trepidation for the bull rally in crypto. Subsequently, the crypto market sold off, and Litecoin smashed through $66.94 and $64.37, to find support just above $60. We anticpate this level to hold, but if it sells off further, then $55.84 should hold as a...