On the chart, we see a local trendline, and the price is already trying to break it. Below Litecoin has a support area of 115$-117$, if the price reaches this support, it will be a good opportunity to enter a long position.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment,...
Litecoin has broken the daily descending structure so no more downside IMO.So If we consolidate above the market and don't go back into the structure we are totally fine.
The probability of going upward is quite high compared to a downside option but we always stay cautious of the bitcoin move so if bitcoin doesn't ruin the show, Chances of Litecoin to make an...
Priceline of world's 6th largest cryptocurrency Lite Coin (LTC) has formed bullish Shark pattern and entered in potential reversal zone.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of LTC price action's moves:
After initial leg (X to A) the A to B leg is...
The priceline of Litecoin / US Dollar is moving within the descending triangle and now hitting at the support of this descending triangle.
Support of triangle should be used as stop loss in case of complete candle stick closes below this support.
I have used Fibonacci squence to set the targets as below:
Sell between: 45.87 to 48.17
Regards,
Atif Akbar (moon333)
Priceline of Litecoin / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 49.082 to 44.959
Sell between: 53.285 to 62.083
Regards,
Atif Akbar (moon333)
Priceline of Litecoin / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 57.53 to 55.66
Sell between: 59.68 to 63.94
Regards,
Atif Akbar (moon333)
Priceline of Litecoin / US Dollar cryptocurrency has formed bullish Cypher pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 57.922 to 57.478
Sell between: 58.272 to 59.112
Regards,
Atif Akbar (moon333)
After forming Shark pattern now th priceline of Litecoin / US Dollar cryptocurrency is forming last leg of bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but...
The SMA 50 and 200 are crossing, so do the EMA 50 and 200. Let's call it a double death cross. Good night.
Plus the current H&S on LTCUSD the target we should reach is 40$ at some point. The H&S on LTCBTC should also kill LTC. (look at my recent post LTCBTC) Hasta la vista!
Happy trading!
