Hi friends, I want to show a very strong bullish signal in Daily chart for Litecoin. I think you are familiar with such a definition as the Golden Cross. Golden Cross - If a 50-day moving average crosses a 200-day moving average, this is a sign of an emerging bullish trend. Many traders often use the intersection of moving averages (MA) in their practice as a...
First time publishing! Looking on the daily chart here, I believe we have a pretty clear 1,2,3,4,5 wave setup going on. My thoughts are we could see one more down move for Litecoin to the .618 fib level ~$65.65 then a wave 5 up. My targets are $100-$105 for wave 5's top. Observations: Daily RSI still has room to drop Daily MACD crossed over and the...
Litecoin has formed a descending scallop on the daily chart, this is quite early in the formation but it looks to be forming it. Currently sitting in a weak regression uptrend, using this as a reference, it will most likely be broken. As said on chart any area here is good for a long entry. Still very cheap in retrospect.
After doubling (from my point of entry) in price over the last 6 weeks, I closed off the open trade at a doubling, and as expected, the retracement came. Today it is down 10%, albeit faster than expected. Nonetheless, would be looking for re-entry later.
Strong linear regression uptrend, 0.90. If a third bounce occurs this will put it in a great place for further price increase as a result of the golden cross on the weekly chart that has formed. 4H chart.
litecoin : Price Prediction 2020
hello again, this is my read to the 4 hour chart as you can see we are upwards trending on a paralleled channel which is a bearish pattern and usually breaks to the Downside. Definitely something to keep in mind! please let me know what you guys think about my analysis! and feel free to comment your opinion in the comments below. I am not a financial adviser and...
0.91 Linear regression uptrend room to move up..
LTC will continue to reduce liquidity. Not sure how effective that is going to be at containing this environment though. A move towards 93 is a matter of when rather than if. Happy to sit in LTCUSD longs for now, the move is unstoppable at the moment. If BTC and cryptos can have a strong couple of days, spot could easily touch 90 this week. Stay long Litecoin. ...
Litecoin has presented multiple chart patterns on the 4H chart including a rounded top reversal, a bullish triangle, and currently is sitting within a WIDE broadening wedge. With higher lows present this could lead to a bounce for the coin at the 50MA level. If not a breakdown to 200MA on 4H is expected.
hello again, just following on my LITECOIN LTCUSD analysis and here is my recent update. everything is clear on my chart, if there is any confusion feel free to comment below! let me know if you guys agree with my analysis or not! Cheers Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to...
Weekly Golden Cross, if this holds any merit upsides are expected. Also a double bottom formed on the grey fib line, with higher lows present.
A lot of alts are still young, there is still huge room for growth, as can be seen on the LTC chart. This is the best I could do for a comparison on a free account.
hello guys. as you can see Litecoin is on its last wave up Endig 5th wave diagonal! RSI SHOWS extreme exhaustion on price action by developing a there drive Mega bearish divergence which is likely to play out in the coming days to weeks! so this is a moment to be cautious on the market is anything can happen. at any moment and you need to be prepared. cheers
In this chart, we can see the ascending channel that LTC/USD has established since December 18th, 2019. There's still a long way to fall before the pattern is broke, which I believe is unlikely. However, the RSI has fallen below 40, even though LTC is clearly not oversold, as it's forming a short-term top. The RSI should be much higher. This kind of divergence...
LTC just closed over the 21 EMA on the monthly! Looking for $100!
Hello All, This is an exciting one, as litecoin has broken out of its inverse head and shoulder, here we can clearly see that the right shoulder is very small compared to the left shoulder which is a really bullish sign. The price objective of the inverse head and shoulder pattern is approximately 90, and, although, we are up against a small section of...