Looking on the 3 day chart you can see that RSI has almost touched 34. Right where it reversed in July. Volume is declining similar to what occurred in May - July. My green buy box is between 100-119. I'm betting on a double bottom. Let me know what you think?
With indicators showing major oversold signals.. I'm expecting a dip into this green box to form Bullish RSI divergences. This will also clear out overleveraged longs that longed at the bottom of last week. It will also clear out shorts that will be shorting with a break below 148 when it pops back up. With it being the weekend I fully expect the break down and...
could it be this simple? We like to bounce off the 8 hour 200 MA in a bull market. We are currently hovering around the 200 MA right now... Perhaps a bit more invoking of fear over the next few weeks before lift off. Litecoin will melt faces this year. Pending that the global market situation stays fairly unchanged.
Lots of big things coming to LTC in the next...
Heres what I'm thinking is going to play out.
A drop to the high 90s low 100s. At that point I expect a rsi divergence on the daily which should catapult us up to retest the top of the channel. Hopefully break upwards at that point and aim for 220 resistance.
Looking at the graph A & B you see some similarities.
1.) The drop in both was close to 70%.
2.) You will also notice the volume candles highlighted in yellow. Only time in LTC weekly chart that you see that similarity in decreasing selling volume candles
3.) MFI and RSI seem to be following similar patterns to the 2017 crash.
IF I had to take a calculated...
Major Support Level Is 130 If It Breaks Then Next Support Level Is 80 And Then Goto The Moon Upside. If there are any changes then I update my idea and you can be connected to get all updates about the next crypto moves. and don't forget to comments and like the Idea. I can reply to all your question in the comment section.
Now it can be volatile time. Be ready.
Its not good buy all in now.
Build your position in parts. I marked important zones (support with green price line).
It is good to average the price. Your emotions will be protected :)
Litecoin has explosively broken through long term downtrend resistance, and we are seeing a big push in LTC we are still 35% away from the 0.2 FIB level. If we look at the Chaiken Money Flow we notice more money flowing into LTC after the most recent correction, and if you check out the LTC/BTC Order book on binance or coinbase pro you will see lots of BTC selling...
Hi recently i posted an idea on ltcusdt as it has broken it's downtrend and now making it's approach to break the resistance to make it's ath. Now in it's upward trend it is also making symmetrical triangle on 2h chart so we are near to break the resistance and move upward more
Let me know your ideas in comments
Please like this idea and follow me for more...
$LTC - Look for a pullback in #Litecoin. We are in a trend continuation pattern. The breakout from the ascending triangle activated the price target at $383. RSI is overbought at the moment and indicates upcoming pullback.
$LTCUSD
Now we are in neutral zone. It will be interesting how 1H will close.
1. - If we close under 210$ we can go down (support 196 - 190$) and re-test this zone and go up...
2. - If we close above 220$ we can go up now.. to 238 +-
Check my other ideas, thank you.
Litecoin has been pumping recently putting out big numbers, we are currently well above the 0.7 FIB level and super close to going for that heavy resistance at the 1 FIB level or 247$USD. We broke out of the ascending triangle with force and it definitely feels like LTC is going to show everyone what its capable of in this alt season bull market!! We see the zero...
LTC is looking fantastic right now! We are soaring through the 0.3 FIB level and could even see a push to the 0.5 FIB! I'm confident LTC is going to have a great close today around current prices and then tomorrow continue that push up! The RSI has just crossed the 50. mark indicating an uptrend and isn't very close to the overbought area! The Stoch RSI same thing...
