Could this announce a Bitcoin selloff?
Buy and Sell Signal forecast on 3 timeframes:
Sell on 2h timeframe
Sell on 7h timeframe
Sell on 3 days timeframe
It`s in oversold areas in all lower timeframes! Can expect a bounce thought.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at...
Litecoin is writing a different story than Bitcoin.
With sellers defending 50 zone very well I would expect a drop for this cryptocurrency and I will look for selling opportunities around 49 with a 42.50 target.
I will remain bearish as long as the price is under 50.
Is currently trading within a downward channel and the price action suggests that the upward momentum is slowing and we can expect sudden drop like one previously happened.
In longer timeframe Head and shoulder pattern is formed and felled towards 42.00 level
If the price move below the current level then the expected target level will be around 40.00
I recently added LTC to my portfolio based on two factors
This wedge that i have just discovered
and also this Monthly gaussian channel price placement that i will link
I believe litecoin has proven its place in the crypto space, showing continuous longevity
heres the chart
As long as LTC stays above 49 dollar I can see LTC easily triple from here. The chart pattern isn't that bullish, and it needs to crack the trendline with a higher high. But LTC will be pulled up as soon as Bitcoin will make new highs aswell. Therefore I expect LTC could easily triple in the coming months.
Litecoin has broken the daily descending structure so no more downside IMO.So If we consolidate above the market and don't go back into the structure we are totally fine.
The probability of going upward is quite high compared to a downside option but we always stay cautious of the bitcoin move so if bitcoin doesn't ruin the show, Chances of Litecoin to make an...
*Disclaimer* This is just my personal opinion on the market. Please due diligence before investing in highly speculative assets. Not financial advice.
With BTC reaching heavy resistance, we are starting to see a lot of money flow back into altcoins. Litecoin's RSI is currently trending upwards towards the mid-level which has formed a weak bullish divergence....
Yeah, really, i hope you are ready for this move.
Looks like end of 2020 will be massive in crypto-gains.
Do not forget to buy low and sell high.
My personal levels for sell are on the chart.
chart patterns looks very attractive, you may notice how price forming triangle shapes on the way and creating one giant triangle for last year.
Current prices are quite...
Bitcoin got its golden cross so Litecoin should follow. In 2017, Litecoin reached $80+ before Bitcoin reached $5,000. Bitcoin is now $8,800 after touching $10,000 so Litecoin should follow. If you trade BTC pairs, you know what is up. Mining BTC has become inefficient due to the halving. ASICs are now dedicated toward LTC. Once they have completed their...
Litecoin is in a long term symmetrical triangle, this pattern is decreasing the price range and volume. Usually symmetrical triangles break within 70% of it's body. We should look closely to this triangle as the price moves, chart is in log scale.
After a 31% Drop, looking for key structure changes in order to take optimal LONG positions!
IDEAL bull entries would be change in market structure, breaking of 4HR downtrend, retesting downtrend as support then consistent HH, HL's forming
Short term play is also possible looking for short entries at the top of the downtrends, remember trend is your friend until...
X FORCE GLOBAL ANALYSIS:
Litecoin has been showing a very steady price move lately. In this analysis, we assess the technicals for Litecoin (LTC) and its bullish and bearish probabilities.
- We have formed a parabolic support on the hourly chart
- Prices initially created lower lows, until it transitioned into creating higher lows
Big picture in #LTCUSD may be giving us important clues about price movements in the future.. I think it is meaningful to diversify approaches especially in the process we are in..
In the #LTCUSD monthly chart, Tom Demark has closed the red 2 last month, we can clearly see how the TD indicator has produced signals in similar situations from past to present, we...
A powerful bullish signal 2nd time appeared in history of LTC:
In June 2016 there was first time in the history of Litecoin the 50 simple moving average crossed up the 100 simple moving average on weekly chart. And this golden cross produced really very powerful bullish rally upto 8000%. This year in Feb 2020 second time in the history we have received the same...