After breaking important trendline support, LTC is trading lower. The next major true support lies around 26. One may refrain from opening new long positions unless we see the coin trading in a clear uptrend. Hit the like and follow button to help me build an audience and get a timely update.
downside focus remains, expecting more downside to complete wave (3), the alternate scenario if the price push higher than 91.65 is WXY for wave ((C)) (Triangle) of IV.
Litecoin bounced from its strongest support of $55 and it`s heading to the $85 resistance, which coincides with the pre-pandemic price. I think we have a pattern for all cryptos here. They will retrace to the February 2020 level. Looking forward to read your opinion about it.
#LTC/USDT $LTC broke down from symmetrical triangle so it can drop to $42.
*** *** For this particular analysis on LITECOIN we are using the LTCUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Litecoin (LTCUSD) has been trading within a long-term Channel Down since the May 10 2021 High. On May 12 2022, the price hit the bottom (Lower Lows trend-line) of this Channel Down for the first time since June...
As you can see, the price is still in the decision range (Trading Range or Sideway Zone) and the buyers did not have enough power to break this resistance, and this can pave the way for more sellers to enter the short positions . Significant support range is from $ 26,800 to $ 29,300, and significant resistance range is from $ 31030 to $ 32700. Follow us for...
LTCUSD here on this Monthly timeframe has seen significant support on the middle band of this indicator named "Gaussian Channel" In fact price was along this area when it mooned to $300 in 2017 Long idea
Litecoin has been edging up, but is facing strong resistance at $73.62 confirmed by multiple red triangles on the KRI. The Kovach OBV is moving up steadily, suggesting that we may be building up for a breakout. If we are able to break out, we must first clear $77.39, before considering the $80's again. If resistance proves to be too much, then $66.94 will...
LTC is expected to stay range-bound from here unless it breaks the trendline support or resistance. No favorable trading move insight. Stay conscious!
LTC is accumulating around $65-70, buying power is also quite good, so in the near future LTC may start to increase again to $90 and $105. However, if it loses the $65 zone, it will have to retest the $55 zone 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 65$ zone 🔴Buy : 70 - 65 🔴Sell : 80 - 90 - 105 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 65$ zone 🔵Sell...
Litecoin seems to have found stability in the $70's, bounded from above by $73.62. We appear to be seeing a bull wedge pattern forming as observed in other crypto assets. If we are able to breakout from here, the first level of resistance is $77.39, then our ultimate target is $85.08. We have a way to go before recovering to the $100's, but this will be a good...
Litecoin Intraday - We look to Sell at 76.92 (stop at 80.43) Preferred trade is to sell into rallies. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. We have a 78.6% Fibonacci pullback level of 76.07 from 82.78 to 51.42. Expect price action to remain mixed and volatile as...
Possible trend in case of succes of 1st scenario that i mentioned in the previous analysis . 👇🏼👇🏼👇🏼 Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.17.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me...
Volatility has declined. Price dropped below 50, 100 and 200MA on the 30m Timeframe. Litecoin under the liquidity zone. I expect LTC to continue to fall if the price moves below the support level.
Litecoin has recovered from lows around $55, and made a run back to the $70's. We have rejected $73.62 twice confirmed by two red triangles on the KRI. The Kovach OBV has drifted up, but still has a way to go before being considered properly 'bullish'. We must break $73 and $77 before considering higher levels. If we are able to do this, then $85.08 is the...
Here is my view for LTCUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Since the start of 2017, Litecoin's 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak. 11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC. Will this be the 12th repeat?!? Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a...