Litecoin is bouncing off the Fibonacci 0.5 level and bouncing off the resistance level. Bearish trend is likely to continue and reach the support level at 65.8.
#Litecoin
It touched the specified $105 level and there was a decrease from that region.
The $91.33 zone support area, daily candle closes below $90 could sustain the decline to $83.
It could retry the $105 level as long as it stays above $90.
Not Investment Advice.
Litecoin (LTC) technical analysis:
Trade setup : Price remains in an Uptrend and is up 70% since our trading video on LTC was published on Dec 18. We now wait for price to 1) break above $100 resistance, or 2) pull back near $85 support for a swing entry in Uptrend. Previously, price broke above $75 and $85 key levels, firmly reaffirming its uptrend. Reached...
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Chart timeframe is on the weekly.
I drew in the missing data with the squiggly line. From smaller wave 1 to 5 it took us about 7 years to complete it. This wave has now became wave 1 of a bigger trend cycle. We are working on wave 2 and the bottom could be in or...
This is the zone for me to long, easy septup!
based on weekly levels, and fibonacci extensions this level plus the control point would be the one to make a long
Litecoin broke trough off the lower boundary of ascending channel. Asset broke trough the support level. Bearish movement to support level at 73.3 is expected to happen.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure on LTC Litecoin.
LTC/USDT short
Entry Range: $52 - 55
Price Target 1: $42
Price Target 2: $36
Price Target 3: $24
Stop Loss: $63
Litecoin broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 70.5 is expected to happen
As you can see in the chart this is a book long, Lite-coin has managed to hold very well the support of 41.5 touching it three times that signals a triple bottom pattern.
The pattern is confirmed once the price breaks the highest point between the bottoms that is 51.7. It broke out and now we have a wonder full entry after the retest of the breakout.
I will enter...
