LTC/USD futures is currently sitting upon on support.
Support shows its current stability can rise towards $104.68
LTCUSD
BUY/LONG
Entry: $63.63
Stop Loss: $58.84
Targets:
TP 1: $84.63
TP 2: $104.68
SWING TRADE
Risk: 2-5% of Capital
Of the 3 coins analyzed today, Litecoin I like best.
As we can see from the daily posted chart, after the top above 100, the break under the rising wedge's support, and the drop in support, LtcUsd has started to rise again.
This rise is very constructive and we have had higher lows since March with the last low being a Pin Bar.
Resistance is now the zone between...
📊 #LTCUSDT (Litecoin)
💹 Time Frame: Daily (Update)
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🟡English: As you see Litecoin broke out the classic falling wedge pattern in the chart and is trying to hold above MA50. if LTC can close one daily candle above this Area then we will see more upward movement to meet the first resistance near 160$ then head forward to the strong resistance zone near 200$....
LTC is facing difficulty in closing the day above the highest 2017 daily close and has rejected quite a few times now.
So from here LTC may consolidate in a range for some time and break this level Or it will just keep on going from here since there's not much data after the recent dip
We have to keep track of BTC pricing for furthur upward price action ,for alts...
Now we are in neutral zone. It will be interesting how 1H will close.
1. - If we close under 210$ 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.
DESPITE being a short publication IMHO i'll keep this as Neutral as current volatility makes near future uncertain and we could see more sideways movement before the impending breakout -- though when it happens it'll be fast & unpleasant (yes yes, that's what she said; grow up :P) as a selloff will most certainly follow suit and IMHO it will be bearish for some...
Plan : wait for prices to bounce off trendline / horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Well... Let's see if LTC has the gas needed to get past resistance. So the next resistance point is the 50MA on the 1D which is also coinciding with the downtrend channel line, this will make this area very hard to poke through. A lot of volume is needed and we just down have it right now. As I see it BTC was just creating a big fakeout with that green candle it...
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...
It has been a while since LTC had a good move up and it may be a little longer still. Litecoin is in a Descending Triangle with an impending death cross, if in the next 3 to 5 days LTC does not close above $100.00 the death cross will materialize and it will send LTC into the 60's which will make it a perfect buy. LTC can be bought starting at around $68.00 all...
