D1 - Bearish convergence
Currently it looks like a pullback is happening.
No opposite signs
H4 - Lower lows
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
H4 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Two months and a half ago, Litecoin was hovering in the vicinity of $147 a coin. The bulls seemed unstoppable after lifting the price by over 560% in six months. Unfortunately, an invisible threat was brewing under the surface.
According to the Wave Principle, a five-wave pattern, called an impulse, indicates the direction of the larger trend. As the Daily chart...
LTC has been moving inside an ascending channel for 7 months and now it’s testing the support.
On the 4h chart we see that LTC is being squeezed between the ascending channel support and that local declining trend line. This thing is going to explode. Which direction?
Here is something to consider:
Death cross between 50 & 200 EMAs after a tremendous...
Target: 0.0110
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Red line indicates t/p.
This is a log chart.
This chart is made using fib channels.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please...
