Litecoin broke down as I suspected. It was up against too much resistance and lots of profit takers at the $180 level. It's currently creating an Inverse Head Shoulders with a target back up to test $180. That would be a nice level for profits. After that I see a healthy retracement down to the $154 level to build liquidity; so we can go higher for another...
This is an update on my litecoin post from a few days ago. The crypto correction has been fully underway in the past couple of days but the weekly support area has held up so far. If the lows around 112 continue to hold, then the next move could be to the upside over the coming days.
The most recent support area from 139-119 is key for the currency. If we can hold above the support then we should have continuation to the upside. Below 119 could be a much more bearish scenario. We will have to watch how price behaves over the coming days
Litecoin is showing bullish divergence but it needs to break the yellow resistance trendline first. Safe entry would be the break of the white line above it. If it manages to do this the move up will be fast. Target price of $304 Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Judgment Day has come! Buyers managed to break the $147 level. Thus the purpose of our previous idea is achieved. Trading volumes at the time of the $ 147 attack were very high. Today, the sellers decided to show their strength and returned the price of LTC within the white wedge. This will now address the question of whether the $147 break is false....
Our updated chart and a new buy position in place.
Our Litecoin Big chart for your friends. We had a private idea for our clients and it has been going really well. Time to share our chart with you
Litecoin seems to be waiting for the next bull run after a small correction. Unlike Bitcoin and Ethereum, indicators are not in bearish divergence, and we can reach the next resistance around $145. But be aware because of the Christmas holidays and the end of the year.
LITECOIN - Intraday Update - 12/09/20 (Short-term) Outlook : Expecting LITECOIN to recapture its $93.00 high and beyond. Breaking above $86.89 is the next upside objective for the bulls. (Fist a Bullish Evidence) Analysis : The break above $93.00 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to challenge the...
LITECOIN - Intraday Update - 12/03/20 (Short-term) Bottom Line: Subdividing higher within wave iii of (iii)
LITECOIN - Intraday Update - 12/03/20 (Short-term) Bottom Line: Subdividing higher within wave iii of (iii) The bearish alt: count. Bottom Line: The alternate count, is the Bitcoin may correct in a wave ((2)) minor. A more bearish possibility is that wave (C) is developing as a zigzag and will make a new low under 79.84, before the rally in wave ((3)) begins.
Litecoin Currently in Ascending If break Upside $96 and if rejected than $74
Hey friends, hope you are well and welcome to the new update on Litecoin. In my previous posts I have showed two movements of the LTC coin one was the bullish BAT on daily chart. Another was a big descending triangle on weekly chart. And as per prediction the price action finally the priceline took a powerful bullish divergence from the potential reversal...
My New Liecoin target is $75 and if rejected at this $67 Resistance form M patttern than $57 only condition is High volume
WAVE 3 in progress! The best time to buy is now! #LTCUSD: I'm LONG / BULLISH position. I expect that $EOSUSD will rise up. This would mean that LITECOIN will gain more 500% of its current value against the DOLLAR . What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION . No one goes into the market...
Market in last 1 week LTCUSD saw an uptrend with the price riding the upper band Price volatility was very high. The market moved ~29.85%, between $60.90 and $46.90 Today’s Trend analysis LTCUSD expected to see an uptrend as the price is riding the upper band with higher lows observed and Bollinger band expansion Price at time of publishing: $58.31 ...