Is currently trading within a downward channel and the price action suggests that the upward momentum is slowing and we can expect sudden drop like one previously happened.
In longer timeframe Head and shoulder pattern is formed and felled towards 42.00 level
If the price move below the current level then the expected target level will be around 40.00
Someone asked me if I could do an LTCBTC analysis, and here is my view.
LTCBTC has been historically on the decline. Ever since LTC was created, it kept falling behind.
At first it was the number 2 coin after bitcoin in marketcap, but it has been replaced by other coins.
And since LTC unfortunately does not have very unique features, I think this trend will...
LTCUSDT forming global reversal pattern - falling wedge
We are near the resistance line of the wedge, also you can see MA 200.
If we break these resistances we will reach 63$ per coin
Best regards EXCAVO
LTC is cheap compared to other Alts or BTC. Sure it's just a copy of Bitcoin with no technological superiority compared to other cryptos. But it's the second cryptocurrency made, so it's name is embedded in crypto. And although it's cheap now, I don't see it being so cheap when the next mania hits.
The 30 Min Litcoin Chart from the previous fall looks very similar to a Wyckoff Accumulation Schematic. These Schematics Can be found on any time frame. I have marked every point that you would see in a Wyckoff chart. We're jjust waiting on the sign of strength to "jump across the creek" Maybe have a little shake out before the distribution continues. We're at...
LTC Still trading in upward channel dating back to March
Short Term target set @ $49.
What will happen next?
- Holds 200 day MA & Trend line dating back to March
- If price drops bellow trend line and 200 day MA (with volume), next target set @ $34
- If price holds channel formation we're looking @ $71 in the coming weeks/months
Thank's for your support!...
Buy on 1 hour chart
Sell on 7h chart
Sell on 3 day chart
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
An alt coin that is holding up very well throughout this bleeding.
The upper band of the symmetrical triangle that has formed from the ~350 high to now is acting as a support
I added LTC to my portfolio based on its ability to hold up like this.
$LTC is moving up and it will continue up to 81$ in my opinion. There will be a correction to 50-60$. I am waiting for correction after 81$. It will go up again to 100's $...
We will about the MimbleWimble privacy testnet launch for litecoin in september. It will effect to price....
Recently LTC broke the long-term Resistance line and made a pullback to test that level as a support, but be careful we are still below an important support level, and above that resistance, I expect the price a huge move up.
On a weekly timeframe, the LTC is in a consolidation phase after breaking the previous weekly highs and the 23.6% level of the weekly Fibonacci retracement at 55$. However, the price is now testing this strong level that served as a support and resistance many times previously.
I'm now waiting for the weekly candlestick to close in order to determine my long term...
I recently added LTC to my portfolio based on two factors
This wedge that i have just discovered
and also this Monthly gaussian channel price placement that i will link
I believe litecoin has proven its place in the crypto space, showing continuous longevity
heres the chart