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...
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...
LTCUSD has risen to our long term descending resistance line, tested it and started to react nicely off it. The overall momentum remains bearish and our first major resistance is at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) where further bearish momentum could drive price down to at least 108.41...
LTCUSD has risen to major resistance at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) and a strong reaction could occur at this level to drive price down to at least 108.41 support (Fibonacci extension, horizontal swing low support). Our long term descending resistance line is also adding a lot of...
I'm looking for another low around the ~$5,000 area to complete this correction. Watching to see if this move gets above $7,800 and for a 5 wave impulse to turn more bullish but it looks corrective right now. Still in same range for LTC/USD correction as stated in my previous post.
Moving down on the fibs the wave 1 of 3 hit .764 and wave 5 of 3 hit 1.764. Right now I'm looking for it to go to 2.618 based on these fibs. Don't like that the wave 3 of 3 looks to be the shortest of the 3, but with it hitting fibs I'm going to ignore for now. Possibility that 1.764 was low but expecting more.
Litecoin has dropped further as expected and is now testing first major support at 135 (Fibonacci extension, horizontal swing low support) and a bounce could occur at this level to see an intermediate corrective bounce up to 165 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 5.6% where a...
I'm looking for one more low to bring us to the $108 to $70 range right now assuming this is a zigzag correction 5-3-5. Its hard to catch the bottom so I'm planning to start averaging in depending on what happens tomorrow and then wait for a impulse wave up/correction for a full position.
Litecoin continues to test strong resistance at 183 (descending resistance line, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 167 support (Fibonacci extension, horizontal swing low support). We have to keep an eye out on our ascending support line as only a break of that would...
Litecoin is rising slowly towards major resistance at 214 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this price to push price down to at least 144 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% where a possible corresponding...
Looks like the current dip is hesitating for right now but I'm convinced it's heading down some more soon. Expecting a deeper dip than last time, possibly testing $100. Might sound crazy, and I'm sure i'll be scoffed at by all the lambo/moon/permabulls, but they've been wrong since ATH, and are only now accepting that there has been a downtrend. Still, I laugh at...
Hello Traders! Glad to present Tengri's Traders prediction concerning Litecoin. Short term targets: 240$ - 250$; Middle term targets: 300$ - 320$; Long term targets: 400$ - 450$. Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis,...
Next Stop: 307.50 Potential 17% Gain from $261 10-12 Hours Later a six (6%) pull back to $289 8-10 Hours later 11% increase to $320 That's my take on it. Could jump past $307.50 to $320 or $350 or higher if news comes out toorrorow. If you like this and you find success, share the love with a tip: (LTC) Litecoin: LYcKnmHmTk2dJLvaXPSZEQXk35UkbyenLa (ETH)...
Price is now testing major support area starting at 296 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support, bullish price action, bullish divergence) and a strong bounce could occur at this level to drive up price to next resistance level at 339 (Fibonacci retracement, horizontal swing high resistance). Our next major level of...