BTCUSD WEEKLY Chart Analysis
It has just come to our attention that Bitcoin is in EXTREMELY close to initiating a death cross on the weekly MACD. Last time it death crossed like this, Bitcoin put in a top at 20k. This could signal a move to the longer term support, right now around 6500-7000.
Possible H&S forming on LTCUSD pair if you don't consider the last little 'surge' as the second shoulder.
This means LTC is at a interesting price point to buy in with a tight SL to try and catch the shoulder up to the neckline around $98.
The support in case we drop down the support will be around $51 as the chart shows. Another support for this H&S claim is...
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.
The halving spike historically has happened either roughly 30 days before or 30 days after the halving event. Many consider the recent run-up to $144 as being the halving spike. This is far from the truth, the recent run up was due to BTC's astronomical rise. Halving price spike has not been factored in yet.
Where is the proof? The fractal shows an upcoming...
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~BITCOIN DOMINANCE ANALYSIS~
We have a sell signal on Market Cap BTC Dominance chart on Megalodon indicator with an ABCD bearish pattern. The target for the ABCD is also corresponding with our shorter term 61.8% levels. Coincidence? I don't think so!...
Litecoin is showing a lot of bullish potential so long as it can hold this 61.8 level, which for the time being, seems like the most likely scenario. We can see that Litecoin appears to be consolidating right at this 61.8 level, and with that, building momentum. The 1 day time frame is looking strong on the Macd and we are getting a green bar on the Megalodon...
Hello everyone, Bitcoin has just reached $ 7,000 per coin and domination is 59%. According to the logic, in the near future there will be a transfusion of a part of bitcoins into other projects, in order to increase the number of bitcoins. After analyzing future events, I realized that the more likely scenario of money transfer will be LTC. There are several...
LTC is near support level 71.3, but I expect a break through of this level since the goal is the support line on the D1 timeframe.
There is also a support level of 67.7 near the support line.
Share your vision of LTCUSD in the comments and like if you agree with this idea.
Litecoin is approaching the Quarterly Pivot and maybe due for the next Major Support, where we have to wait and see if it´s enough to make the reversal for LTC and guide it back up to bulls-zone above $100. Formerly mentioned the $60´s are possible, I wouldn´t wonder if we close a 3D further below.
We have changed from a weak uptrend to a weak downtrend on...
LTC just experienced the Halving event. The current cycle is repeating methodically the 2015 sequence and so far we have reached the point where the 1D MA200 is supporting. This MA period previously held throughout 2015 - early 2017 up until Litecoin initiated its super strong rise to the mid $300s peak.
There is no reason to expect something different this time....
Litecoin has thanks to Bitcoin´s action the last days through the minor support and is about to finalize the End-to-End (Ichimoku-Cloud) on 3D.
Two different things to mention:
1. We said before, that the $60´s are possible, Litecoin better does not go any lower than that, the trend is in danger with nearly forming a bearish Cloud.
2. We are approaching a...
Litecoin is not having a party here. It failed to overcome the $100, after that it broke down the support-level and now it is facing a potential E-to-E on 3D downwards whilst the cloud is ALMOST already bearish.
Something big needs to happen here to save Litecoin from a major down-trend. On top of that Litecoin does have some influence on the price development of...
LTCBTC will go up because of halving - this is very strong fundamental
What is Litecoin Halving?
Litecoin Halving is the event where the number of generated Litecoin rewards per block will be halved (divided by 2).
The total number of Litecoin mined by miners per block will reduce from 25 to 12.5 LTC in the next litecoin halving.
The number of litecoin found per...
LTCUSD bounced off 65.53 where it could potentially rise further to 85.32.
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