LTC manages to break above the 48 mark but fails to sustain. The currency has continued its upward movement and will likely attempt to sustain above resistance in the next few days. If the price fails to sustain above 48, it may drop back to 40 or 30.
Looking ahead. Assuming predictable cyclicality.
Made a quick decision to short #Litecoin | $LTC /usd! Looks like easy money. Are you in? We certainly are...
LTC is currently retesting its previous price of 50 and may not break up or down until the beginning of may. News catalysts will play an important role in price fluctuations for the coming weeks.
BTC appears to have broken from (and is now back-testing) a symmetrical triangle pattern. Measured targets coincide with historically significant weekly EMA levels. If BTC falls back into the triangle, then a re-test of the 200 Week MA (and the lower trendline) may in order--forming, instead, a possible ascending triangle pattern.
LTC is setting up for another move higher. If you can buy it when it is in the BUY ZONE then you are getting it on sale.
This is good risk reward trade up here to short. That doesn't mean its a guarantee, but you win this trade 15% of the time, you will be profitable. Here is what I like: 1. I like that this has potential to form a typical head and shoulders if it fails to go much higher 2. Notice the volume spikes on the initial move up were much more aggressive. So far the...
For the last days Litecoin has been ranging. We are probably reaching the end of the bull cycle. It seems like LTC is in distribution phase. The move above the range was probably a deviation above the range high, the level that price is now rejecting. A sharp move bellow the Equilibrium would confirm our scenario that LTC is seeking liquidity bellow. This setup...
LTCUSD is approaching our first support at 41.59 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 48.81 (61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in...
Bitcoin and other altcoins has just bottomed out, with 2H OverSold (Blue) in "9 Seasons Rainbow Indicator". Big buyers swallowed all selling within 2 hours. 2H OverSold (Blue) means the panic caused by the dump of Feb 24 has ended and this bottom should be able to be held for a few weeks. Details of OverSold: BTCUSD: 85m 2H ETHUSD: 2H LTCUSD: 85m EOSUSD: 85m...
Typically a bearish formation but there are continuation variants. Will be watching this. Volume supports the pattern so far. On the top version of Head and Shoulders we don't need increased volume to confirm a neckline break
BTC Volatility Index correlations to the previous BTC price action may suggest there is still bullish hope for BTC. #BTC #BTCUSD #ETH #ETHUSD #LTC #LTCUSD #Crypto #Cryptocurrency
LTCUSD is approaching our first support at 41.59 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 48.81 (61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in...
My previous analysis: Litecoin just keeps on popping up, ignoring all the resistances and possible short term bearish pattern . It even broke that channel on the upside already, which is something that rarely happens. So that "long" term resistance around 50 broke as well. Because of this, the real test will be seen now. We have already made a pullback to the...
BUY oportinity on the uptrend, wait for the confirmation, and that happens when it will touch uptrend ligne.
couple things Fibonacci .618 golden ratio was just hit Yellow ABCDE is putting in the E wave Purple Descending Triangle is reaching Apex. needs breakout. great R:R due to this being at the bottom of the Triangle and on the Fib the confluence helps a lot. I am taking this trade form here. anything lower and I will add more longs. SL under red box (...