Hey guys and gals hope you are doing well and welcome to the new update on Litecoin. In my previous post I was expecting that the price action has completed the final leg of bullish BAT pattern. But the final leg retraced little bit more down up to 1.281 retracement level and changed its pattern from BAT to bullish Crab pattern. After entering in the potential...
Hi guys and gals and welcome to the new update on Litecoin. The LTC is moving very well between the different patterns and we will talk about those moves and we will also discuss the different indicators and the moving averages as well.
Up channel and EMAs
Like every top altcoin the litecoin also has formed an up channel. And sometimes it is moving above the ...
Litecoin is in a long term symmetrical triangle, this pattern is decreasing the price range and volume. Usually symmetrical triangles break within 70% of it's body. We should look closely to this triangle as the price moves, chart is in log scale.
A symmetrical triangle is a very bullish and extremely reliable bullish pattern
This is a good sign seeing this on the BLX chart
Litecoin has a golden cross on the weekly chart, don't sleep on LTC! The good entry point is now!
Formation of new Shark pattern:
On short term hourly chart the price action of Litecoin is forming bullish harmonic Shark pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Buy between: $41.14 to...
Some interesting movements can be seen when LTC moved to $80
Can be seen to be rejected consistently at EMA levels, only to recover
Also can be seen to be moving in timeseries, parabolic move
This can be attributed to the formation of an inverse H&S
A powerful bullish signal 2nd time appeared in history of LTC:
In June 2016 there was first time in the history of Litecoin the 50 simple moving average crossed up the 100 simple moving average on weekly chart. And this golden cross produced really very powerful bullish rally upto 8000%. This year in Feb 2020 second time in the history we have received the same...
LTC was trending inside of an upward channel before breaking down. Upon that break, LTC re-attempted the channel and was rejected. I expect a further dip before the next wave up. The 100MA is currently holding, but should break down and follow through to T1 at 37.70. Following that is T2 at 36.40 and T3 at 35.55. The green box represents a...
LTC finally broke out of the triangle formation in a bullish direction. The volume is beginning to pick up as well as the 50 crossing over the 100MA. The current long zone is inside the range of $37-39. Future take profit targets are T1 at $40.10, T2 at $42.15, T3 at $44.90, and lastly T4 at $47.60. The ATR has plenty of room for growth, but RSI is...
Classic bullish divergence example, only viable if wick is bottom. Supported by a strong golden cross, as said on chart. Litecoin will see some great upsides in the near future. Consistent with my previous angle of symmetrical triangles forming on LTCs chart. I will link this. This is a weekly chart.
Hi fox hope you are well, here I have found another profit potential trading idea for you and this time on 6 hour chart the Litecoin (LTC) is forming bullish Shark pattern and soon it will be entered in potential reversal zone to move up.
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is...
Golden cross that has appeared on the weekly chart may produce large gains and result in a parabolic rally, two symmetrical triangles can be observed, both bullish. Will a third form? Maybe.. Included a fractal and possible pathing for a parabolic rally. Litecoiinnnnn.
Long term bearish cypher, easy profits to be made in the short term with a golden cross present on the weekly chart. This golden cross has proven to be successful on BTCUSD so why wouldn't it be on LTC? Best to go long. Included a fractal for the cypher not sure how accurate it will be lets just see how it plays out :P. I still believe ERC-20 Tokens and Ethereum...
Hi friends hope you are well, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Litecoin. The Priceline of LTC has formed bullish BAT pattern and entered in potential reversal zone and ready for bullish reversal soon.
Let’s have a look on the LTC move: