A few days ago I published an idea talking about the LTC retracement taking place, the days are passing and the price is going further in my direction. The retest of the channel is inevitable if the price wants to continue inside of it, so I consider this correction a very healthy movement. But could really LTC go towards $80? Absolutely, in my opinion April could...
The Litecoin LTCUSD pair is already flashing overcrowded with the 50 day moving average headed towards passing over the 200 day moving average.While most moving averages point to upward momentum, the dreaded "death cross" is a more longer-term pattern all traders should keep an eye out for.
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Want to start this out by saying I have incredibly skeptical of cryptos. That said, Litecoin is definitely the best performers of most of the majors on a percentage basis. So that said, I think price action could in the medium-term see a few more gains if this trend can continue. However, RSI and stochastic indicators are leaning towards a pullback flashing...
Short term reversal incoming.
PA is lining up well with the indicators too (simple bearish divergence on 1D chart)
decreasing volume on this move up.
1 more bump up, into previous support now turned support.
I'm closing off my trade at T1, I barely trade but when I do, I go safe.
T1 - 0.128 or there abouts.
T2 - 0.115 or there abouts.
will be following this up...
Litecoin pumped over 400% during the first halving in the middle of a bear market. This is an updated version of a previous chart with a risk/reward ratio of around 3 to 1. I expect the pump to be less than the first simply because there are more coins above litecoin right now than there was in the last bear market.
Litecoin went from 1.50 to almost 8 USD during first halving and that was the middle of a bear market with bitcoin. Litecoin gained 0ver 400 percent in USD terms and 300% in Bitcoin terms. I expect something similiar in the next few months abit it will be a smaller % ROI gain.
Hey Fellow Traders
We saw a great rally of LITECOIN/LTC in the past few days but there was merely no correction!!!
1-Now It's time for correction as the RSI is not looking strong and depicts clear bearish divergence.
2-Eventually, We bounced twice from the 0.618 FIB as i have highlighed on the chart, So will this time too.
3- Place the Buy-In Orders as...
Here comes my third and final chart for the day.
This is yet another simple yet informative chart for you on the daily frame with explanation of what the chart shows.
If you have seen my previous chart on Bitcoin ( BTC ) on daily frame, the path is clearly downward. (Ref:...