LTCUSD looks to be in an ascending channel and can be seen by white trend lines.
from this we can takeaway that it is still holding uptrend.
Bottom trend line resistance has been tested over 6 times and is STRONG.
Breakdown below this is a big red flag, I recommend setting stop loss a little under bottom channel trend line.
It could potentially head to $40 hard...
After a labor day weekend sell off in crypto, litecoin appears to have formed a support trendline for its base and accumulation for it next run up. Volume is low but volatility remains high. This looks to be an opportunity to go long on litecoin. With lightning network going live, atomic swaps, excellent dev support, litecoins solid history, continued adoption...
I think we see Litecoin OKCOIN:LTCUSD THEROCKTRADING:LTCBTC moving in quite wide channel here. We are reaching almost resistance level and stochastic shows overbought market. I think within few days, maybe week we can expect price decline to like 3.0 - 3.1 USD per LTC
Thanks for commenting and sharing your thoughts on this analysis
LTCCNY - Litecoin Could Be About To See The Day Light
Most Crypto Currencies have been in a bear cycle for over a year which I am sure must have humbled many eager bulls and given bears something to jubilee. In fact I have noticed that there seems to be more bears being vocal that ever before in the last 12 months of my observation.
I almost given up even...
Even though I maintain a neutral position on LTC/BTC at the moment, many fractal expressions emerging on the weekly chart. Fractal expressions are frequently overlooked and often dismissed. Don't execute on this logic alone but certainly should be considered for planning a strategy.
With the recent topping action in BTC it has been interesting and a little disappointing to watch LTC's outright failure. Indeed, Litecoin's inability to hold significant support levels has both broken its bullish bias and once again brought it's relevance as #2 to BTC into question. With this relationship continuing to decouple, I thought I would take a moment...
These are some situations that could happen. The 3rd one is the one I feel may be the most likely on reflection having seen this type of action before. I feel resistance is weak however support is exhausted from recent gains so may just dip slightly while support is gathered ready to break through the $700 barrier.
So unless anyone hasn't noticed, Bitcoin broke out of a massive bear triangle at $450 two weeks ago and sparked this gigantic rally that we are all enjoying today (unless you sold at the bottom). However, Litecoin has yet to breakout of it's own bear trend, and historically, it is always late to do so. So I spent some time charting this today and discovered that...
