cup and Handle Breakout to .618 Retracement
Awkward H&S, currently sitting on EMA level, very precarious.
Ltc has had a nice bounce of the 0.5 Fib level of the entire structure.. but then got rejected by the 0.65 Fib level of the impulse that started in December of last year. The support looks strong around the 37-33 dollar range, holding above the 0.5 Fib, the 1:1 extension of the first big impulse in 2017, the 0.786 Fib of the latest big impulse and the 1.65 fib...
Litecoin has had a small pump within the downward channel recently, this may lead to the formation of a bull flag in the blue box, or a retreat and possibility of a falling wedge. The Adam & Eve can be seen to be linked to the pump.
Looking for a bottom, if fib line doesn't hold (it should) continuation of the downward channel will be seen. Still practicing these fractals.
LTCBTC is trading in a downtrend, close to the 0.786 fib line, this could lead to a new bullish wave as previously seen.
Wonky inverse H&S pattern followed by bitcoin, possible trend reversal. Still learning these fib retracements so let me know if i'm doing it wrong :) 0.82 regression downtrend, so clear downtrend still (i shouldn't be picking bottoms, but i am). Fibonacci retracement hits 0 at $42. Short term trading target is 0.236 fib line at $48.
Movement upward possible with completion of inverse H&S.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (59.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . LTCUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (59.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . LTCUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Hello to all watching my charts. LTCUSD is in Short mode like ETHUSD also. Here in LTC Litecoin its in addition a broken trendline which has been last from 17.10.2019 till now and Litecoin have been sitting up and jumped up from that line at least minimum 5 times. If such an important Long trendline is broken there is something change big coming in short ,...
Everything in crypto is cyclical, that means that alt season is coming back again. How do you get ready for the season? What are some of the best alts to buy? The best thing to do is to load up on high performing alts and one of these is Litecoin. Let's look at it from this perspective; Litecoin has hit $400 and on the next move it will hit $400.00 again and then...
Priceline of Litecoin / US Dollar has formed a bullish butterfly and entered in potential reversal zone to take bullish divergence from here soon insha Allah. MACD is turning bullish. RSI is oversold. Stochastic has given bull cross. Price action is getting bounced after hitting the support of bollinger bands. Volume profile of complete pattern is showing less...
Conclusion for today’s Litecoin analysis: A close below ~67.62 implies an increase in bearish momentum, and therefore lower prices to be expected. Litecoin price for today’s analysis is presented on a Daily timeframe (log scale) that shows over 5 months of market action. This period includes a bullish move to the price peak of 146.00 on June 22, 2019 followed by...
Conclusion for today’s Litecoin price analysis: Litecoin price should continue to sell off until the 200 moving average gives way to more bullish momentum. Litecoin price chart presented in today’s analysis is an intraday (6 hour) timeframe using a log scale. Price action from December 14, 2018 to current date shows a dominant uptrend in Litecoin price that...
The whole digital currency market was in a severe red a week ago, the cost of a large portion of the cryptographic forms of money declined including Bitcoin, ethereum, bitcoin money, Cardano and EOS. Litecoin broke it’s the obstruction of $70 and exchanged beneath the $76.00 and $74.00 bolster levels. The entire market was bleeding following the Tether-Bitfinex...