Testing resistance level at ~.007 sats (matching upper trendline of the descending channel)
UCTS Buy signal on the 1D and lower TFs
Volume not so great..
MACD bullish div
If crossed/flips into support, aiming for ~0.0082 sats on a 15% movement.
POLONIEX:LTCBTC Is sitting right at an upward sloped support line from previous lows. In addition to this, price action has formed a loose form of a harmonic pattern . Not quite a butterfly because the "B" point did not retrace to the .786, only near the .618 fib. Besides that point, it fits within a bullish butterfly pattern with the theoretical entry point...
The previous halving in August 2015, led to a nearly 600 day period of ranging price action. Although LTC has outperformed most cryptocurrencies and assets since the beginning of the year, a more bearish picture may be more likely in the following months.
Open interest on Bitfinex for the LTC/USD pair is 77% long with longs rising slightly over the past few weeks...
The SMA 50 and 200 are crossing, so do the EMA 50 and 200. Let's call it a double death cross. Good night.
Plus the current H&S on LTCUSD the target we should reach is 40$ at some point. The H&S on LTCBTC should also kill LTC. (look at my recent post LTCBTC) Hasta la vista!
Litecoin (LTCU19) is looking bullish for me...
We have the bullish divergence on both MACD and RSI and a classic chart that can lead to a strong bounce up.
This does not mean that LTCU19 will or must move up, but that the signals are pointing there.
That's why you need a plan if you decide to trade.
Always remain open to all the great results that can show up,...
Here is your game plan. As of today all of the buy zones I predicted back a month ago have been hit. If you committed a percentage of your capital to the coins I indicated you are in a low-risk high reward situation, CONGRATULATIONS you should be happy about this. NEO is still at a great place (In case you did not buy), NEO will double your money in just a few...
I have been a trader for 13 years and I have traded through the financial crisis . I have been around the block , I have gained and earned lots of experience
while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and profitably .
I ALSO RUN A DISCORD GROUP OF VERY INTELLIGENT...
I hope you have been following my instructions, if you have, we'll, those buy zones of 68.00 and 65.00 did hit last buy zone is 62.00 which may hit soon. This TA has been aging very, very well. You are shapping up to have a few thousand dollars in your pocket by the end of the year. Back to the TA keep in mind that the death Cross will push LTC even lower, so you...
Is this the perfect storm? Perfect 618 tap on the Fibonacci along with a bullish divergence on the daily timeframe.
Looks good but remember your risk management on this one. Could drop lower if Bitcoin has a bad day.
LTC/USD Daily chart offers a pretty easily spottable strong area which can be also a bounce area for short-term profits.
It stays around $70 and the area criteria are:
1. Simple the strong area (gray price zone) which has worked historically as a support and as a resistance:
- 27th June 2018 as a support
- 4th September 2018 as a resistance
- 2nd April 2019...
If the curve trendline should get cracked then do not worry, there is a pretty clear short-term bounce area.
The mentioned area stays between $90-$100 and the bounce criteria:
1. The Fibonacci retracement 38%
2. The Fibonacci Golden Ratio 62%
3. Previously worked price level, it has worked as a resistance and as a support. Currently, it should act as a support...
We can see LTC being inside of a range between 93 and 84. This double top looks legit, but won't be confirmed until the 84 breaks. We can see a small bear flag on the right as well which can drop back to 86.5ish. Now the market can still turn this into like a triangle, but then the thick black trend line should hold. If that one breaks, the double top become more...