Good Afternoon. Just wanted to put out a quick snapshot on LTCBTC . Currently, looking at the DMI, the -DM and the +DM have touched and tried to cross 3 times recently, but it has failed to do so signaling failed attempts to break out. All the while the ADX has stayed relatively low showing there is not really a trend going on here. If you look on the RSI we...
Litecoin is currently being squeezed in a triangle formation and could break out in either direction. We do have to be cautious of the major resistance at 218 and the major support at 200 which needs to be surpassed or broken to open a move in either direction. We can also see that RSI is being squeezed in a triangle formation and a breakout in either direction...
Trade buy setup: -End of ABC correction wave pattern -R/S bounceR/S bounce (resistance becomes support) Divergence macd bullish
LTCUSD has made a bearish exit signaling that we could be seeing a change in momentum from bullish to bearish. We’re seeing 1st major resistance at 215.03 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a strong drop from here could drive price down to 188.20 support (Fibonacci extension, horizontal swing low support). Stochastic...
Good Afternoon, and welcome to my next update on LTCBTC ! Litecoin has preformed exactly like I expected and if you saw my last post you will notice I tried to warn you when we reached the price of $230 that we were headed down. I would like to point out a few lines that I have drawn on the RSI and the ROC and compare that with what the MACD is doing as well....
LTCBTC back to .382 fib level and then new highs or we go straight up from here
Looking at the latest ups and downs of LTCBTC over the past week we can still see it looks as though the support zone that was identified in my last analysis is standing. In this chart we can see 3 support levels and 3 resistance levels that have been identified. Definitely seeing mixed signals as to which direction it will go but lets keep a close eye to see...
Traders, Here we have LTC/USD 4H chart. After breaking down the bull trend yesterday it's time to retest that one and confirm that was liar to move up on the bull trend again. The burble selective point it will determine and launch our breaking-up next few hours and for sure it depends on btc stability after breaking out we will head to test 0.618 level...
See the light in LTC (LitePay launch in 6 days) Here are my thoughts on [ LTC/BTC and where it will go in the next few month. I think this is just beginning to find its support around the .02 range and will dance around there for a while. It looks to me like we are forming an Ascending triangle in which often resolves to the upside with the rising trend-line...
Litecoin has shot up nicely after breaking our wedge formation. Our 1st support is at 212.77 (Fibonacci retracement, horizontal overlap support, pullback support) where a further bounce could occur in pushing price up to 264.42 resistance (Multiple Fibonacci retracements, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong ascending support...
LTC is right now looking so strong... Basically : 1 - Just broke out of a falling wedge that tells us that it should now take more than $190 from the breaking point 2 - Big Hidden Bullish Divergence that tells us that LTC is going to the $270 (from 158 to 214 = $56 to add to $214) => $270 3 - $270 is a big higher high in our new bullish trend that corresponds to a...
Litecoin is now consolidating really nicely within a wedge formation. We prepare for a potential bounce above 212 major support (horizontal overlap support, Fibonacci retracement) with our next major resistance at 264.42 (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) can see an ascending support hold prices up and our bullish bias...
Hidden Bullish Divergence on LTC : 210 to 226 so +$16 per LTC That should bring the price to $242
If the price can pierce yesterday's Wave 3 high, then we are in with a shot of a substantially higher high.
I'm speculating that LTC may make a second run, like the last rally before the BTC market correction that sent everything into a correction. Note the volume and speed at which the prior +254% rally began and the current rally. They appear to be similar. From there, I measured the length of time and height of the prior rally to guess where we may go. Even if we...
Litecoin has shot up perfectly as forecasted and hit our major resistance level before slowing down. Another rise could occur above 214.38 support (Fibonacci retracement, horizontal overlap resistance) to push price up further to 264.42 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). RSI (34) is clearly above our major...
Litecoin is testing major resistance at 172.58 and a break above this level could trigger a move all the way u p to 213.62 (Fibonacci retracement, horizontal overlap resistance). We do have to be careful about strong intermediate resistance at 196.16. We can see a bit of a squeeze happening too with our ascending support line pushing price up steadily against the...
Litecoin is better than bitcoin because it has a very organized team and the community is very united which helps a lot when it comes to taking decisions on upgrading (segwit) Litecoin has tested this resistance many times before and it's a matter of time before we break it and test superior levels... I'm projecting a 200% growth on this pair, maybe it won't grow...