It doesn't look like the correction is done yet. If we consider an expanded flat correction we are now on wave C. According to theory wave C usually is 100% to 165% of wave A. I am not willing to accept yet that LTC will go down to 36 euro (161,8%) so I have drawn the C at the !00% level which is around 83 euro the same level we were on february 6th. At the...
LTC reached a nearly 65% retracement from the impuls wave that started on februari 2. The low of 121,60 also hit some major resistance zones. Wave C did fall short of 161,8% of wave A that could point to another dip down. Assuming this correction is done. First target would be around 136 and second target around 157.
sell order for €164 - Buy order €119.5 if the sell order executes. Rumour has it Mount Gox trustee has 166k bitcoin to sell (market sell) my pants will be full of litecoin when it hits €1k cheers to charlie lee & an early retirement
I'm seeing descending volume on Litecoin and a continuing bearish trend. Next stop possibly 140 Euros.
Litecoin looks very optimistic, however, due to Litecoin Cash pump I expect a thorough retracement atleast until Fib 0.618. There was a clear double bottom for LTC and afterwards a nice pump into a 5 wave structure. It went right up to the point where it last collapsed 15 January shown by the upper red ball. The thick purple line shows that we break through the...
Traders, Here we have LTC/USD 4H chart. We are moving sideways for awhile and here we have some points that can determine the price for the next few days it's all about the golden fib level if we break the main bear trend and moving up to touch the golden level we will able to say that we have a new bull trend, all we have here is patience to see that scenario...
Based on this analysis i think LTCEUR will be a runner. Expect 250 in the spring and possibly 400 before the summer.
Correction of LTCEUR in the third wave. Historically C waves (3th correction wave) are rather shallow for cryptocurrencies. Therefore first moment to go long is between Fib 0,5 and Fib 0,618. If retracement will go as Elliot predicts, it could reach 95 euro. Buy zone 1; 165 - 140 Buy zone 2; 91,5 - 81 Put your purchase limit based on your risk portfolio....
30 min chart is forming a bearish flag. It should go to previous resistance.
Traders, Here we have LTC/USD 4H chart. After breaking-out a few days ago we have strong golden Fibonacci level resistance, so what am I expecting is we will do small correction to touch the new uptrend once at the yellow area on the trend and then we need to break the golden level to tease the all time high again to be certain we didn't have any close candle...
LTC/EUR tested the blue resistance line at 190.60 twice already and might test it again. If it doesn't break the line there will be another correction and retesting again. If it breaks it will definitely keep rising.
If the price keeps following (not breaking the upper line) the trend channel it will continue downwards. Low buy momentum and about to be overbought. If it bounces you should definitely sell if you're holding LTC short-term. Too little evidence to recommend going short.
LTC/EUR was testing the upper resistance line in a general up trend. If the price breaks the line I expect the price to jump and continue in a slight up trend.
If the LTC/EUR price doesn't fall below lower trend line, I suspect that the price will follow the same pattern to a solid mid-term up trend.
Right now, in the 15min chart, LTC (Coinbase) is nicely following that trend channel. Good entrypoints for mid-term holding when price approaches lower line.