Litecoin/ LTCUSD is on its usual 1st rally it has had during every Cycle. This is the rise that takes place historically before each Halving. With Halving three in August, we see the current rally extending to the end of May before peaking. A reliable indicator to sell your rally buys is when the 1week RSI hits 75.00.
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Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Litecoin (LTCUSD).
Litecoin has been bouncing around Support and Resistance trend lines and it looks like it may be headed back up to re-test resistance. The resistance is at the 0.382 Fibonacci Retracement which is also near the edge of the red Ichimoku Cloud around...
Hello friends, today you can review the technical analysis idea on a 1H linear scale chart for Litecoin (LTCUSD).
Litecoin price looks like it may be headed back down from the current price. Keep an eye on my Support and Resistance Trend Lines. The Fibonacci Retracement shows price has possibility getting back to the 0.382 level. There is also Ichimoku Cloud...
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Trade Setups
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As seen on the chart, here is a double bottom pattern (the W pattern).
Here is a weekly chart. As seen on the chart, price reached $370 on 18th December 2017, came down to $25.619 on 3rd December 2018.
Price left $25.619 and went to $147 on 17th June 2019.
On 9th March 2020, price was back to $25.619 again, broke the resistance line on (28th December 2020)...
LTCUSD is on a rebound made on the 50.150 intermediate support and is testing today the January Resistance.
Levels to watch:
- January's uptrend stopped exactly on the MA200 (1D chart) and pulled back to the 50.150 intermediate support. The rebound leg on that support is again testing the MA200 today.
- Another rejection on the MA200 will make a Double Top...
