LTC break bullish green trend line, MACD break zero line bellow, RSI bellow 50 points, Closed bellow 21 EMA line 4h TF. Volume Decrease.
BINANCE:LTCBTC Dump for BTC go to the moon?
Litecoin has a little more upside before we might go back down to 0.001 BTC to fill in that void. I see 2 areas of resistance which is the 0.014320 level and the 0.015150 level. If you are long Litecoin it is probably a good idea to take profits at those levels i think. i do not see it go to new ATH's just yet
Hey crypto enthusiasts, Just a simple evaluation of LTCBTC POLONIEX:LTCBTC . Just some things to mention include being within the downward parallel channel (hoping to be pushed out of this support region sometime by now to next month early in June. Since we are at the golden ratio support (0.618), this should be held as a solid support along with the low MACD...
- it could go first to 0.02 before retracing to 0.618 fib lvl - also the last time EMAs (200 300 and 400) crossed bullish it turned in a nice retrace - also testing the resistance the difference this time could be the fact that on weekly it broke the ichimoku kumo *****or.... it could just continue to pump like May 2015 (400%) before the halving*****
Target: 0.0110 Blue triangle indicates the current range. Green box is buy. Red box is sell. Blue line indicates potential support/resistance . Red line indicates t/p. This is a log chart. This chart is made using fib channels. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please...
- Retesting 4HR block - a break above and close would signal further upside or a higher retest. - No super confident in this trade due to a rsi divergence and possible run of stops - a setup is a setup
- Rising Wedge pattern w / falling volume broken down. - 3 hour significant cross of ma's (change in trend) - Fisher trend of several months broken - good risk reward potential Short LTC around 0.0144 or higher with a stoploss above 0.015 (or whatever fits your strategy) Here is a supporting chart on 3 hr
Sell Now Target: 131 StopLoss: 158 Risk/Reward: 1/2
- After sharing my idea it looks to be happening, going to follow through and take this trade as a small hedge against a bitcoin pullback here
LTC did not have retracement after 125% grow. I think 10% is very conservative short target.
Short term reversal incoming. PA is lining up well with the indicators too (simple bearish divergence on 1D chart) decreasing volume on this move up. 1 more bump up, into previous support now turned support. I'm closing off my trade at T1, I barely trade but when I do, I go safe. T1 - 0.128 or there abouts. T2 - 0.115 or there abouts. will be following this up...
Ltc will dump soon to this target in chart 0.010166 ~0.009460 ~0.009014 Good-luck