LTC/USD Technical analysis. First day of Q4. Price seems to have finally slowed down near the $55 range after a harsh move down in the last week of September. Looking for more confirmation before entering any more positions. Very neutral for the time being. However, I think if price breaks $60, we could test the $66-$72 range rather quickly, but if price breaks...
I previously marked up LTCUSD and so far, the market has respected our analysis ( i have attached it below) . Litecoin still has bearish momentum and is showing potential to continue moving bearish to the $35.5 mark. Across the board, we have been pretty bearish on the Crypto side and we can expect further bearish momentum across the board too.
Since we are all bearish for BTC, LTC price in dollars should also drop. This is the plan for the upcoming month. Not necessary will go down to the bottom, but we may expect second leg coming after a small bounce back to 60.
Chart self-explanatory (connections have been averaged on line & linear)
In the next 2 or 3 weeks there is a good opportunity to buy Litecoin. Reaching golden pocket, probable reversal of trend coming up. RSI is near to be oversold. Trend will be tested. Strong support in the buying area.
Hello all, I think this rising wedge on D1 would counter the falling wedge on BTC.D pretty nicely also could make for a nice bear trap that turns into a bull trap that gets everyone sick of alt coins before they lift off alt season.
By the grace of Allah the most high after giving more than 29% profit as my previous idea: Now on smaller time period chart the priceline of Litecoin / US Dollar has formed a bullish Crab pattern and has hit the spike within potential reversal zone but MACD and Stochastic are still bearish therefore the priceline may give us another chance to catch it from PRZ...
Priceline of Litecoin / US Dollar has formed a bullish butterfly and entered in potential reversal zone to take bullish divergence from here soon insha Allah. MACD is turning bullish. RSI is oversold. Stochastic has given bull cross. Price action is getting bounced after hitting the support of bollinger bands. Volume profile of complete pattern is showing less...
Not financial advice! Self explanatory..........
"Salam" Buy Zone : 71 $ - 73 $ Stop Lost : 70.0 $ First Target 80 $ Next : 91$ Risk Reward : PERFECT !!! in 1 Week
Invalidation: Drop below 69.97 Target 1 --> 80.49 Target 2 --> 90.09
It looks like Litecoin too is poised to breakout by the end of the year. Looks like the MACD is showing a slowing of bear trends and will start heading upward with the rest of the crypto market. If 2017 repeats, we will see at least the top 20 alt-coins breaking out with bitcoin. There are much higher returns for those investing a few thousand dollars in an alt...
Similar to ETH's ascending triangle that developed in past two weeks, Litecoin against USD on the 4hr is in a much cleaner bullish ascending triangle while facing resistance at the 200 MA. The 50&100 MAs have already had a bullish cross, oscillators are looking bullish. Will open a position above $73.25 (above previous swing high) with tight stop loss at $69...
The area marked yellow technically prevents the stock from breaking out above the triangle. The distance between 'A' and 'B' is too short, and the rise from the current low to 'B' is too steep proportional to the first run from 2017 to 2018. While I wouldn't completely rule out a breakout above the triangle, it is highly unlikely! Instead, watch out for a descend...
Quick idea for myself: Chances are that Litecoin could correct all the way down to $11 by January 2020
to get itself back up and continue with its long bull run
Lucky numbers Yall whippersnappers got too many colors on your charts, We're taking it back to monotone green