LTC has reached the final supports. Any lower and LTC will drop the years lows. Any lower and there will be no recovery or Alts season. If there is no bounce by the end of the week, write off LTC, because all bottoming and reversal structures will be broken.
The only things that is positive is that it made a small bounce of the major black support line which is...
Past 2 days this market has been more difficult to predict because volumes have dropped completely. The bearish wedge i posted on Bitcoin few days ago played out, made the first push down, broke the 7400 support but has been indecisive since. Usually since it didn't drop straight away to the wedge target, it's a sign that it wan't to do a retest of the resistance...
$LTC clearly ranging sideways in a trading range, wyckoff accumulation.
Ideally we'd fall into the green box, put in a spring, and launch, then break out of the trading range and continue launching. $LTC under this bottom range has never been a bad buy. This particular range goes back to 2015.
The priceline of Litecoin / US Dollar is moving within the descending triangle and now hitting at the support of this descending triangle.
Support of triangle should be used as stop loss in case of complete candle stick closes below this support.
I have used Fibonacci squence to set the targets as below:
Sell between: 45.87 to 48.17
Atif Akbar (moon333)
hey guys welcome for another altcoin update
now what am looking on Litecoin here is that, its sitting on a very critical level right now and struggling to keep hold it
as you see in above chart that green line is 200 Weekly moving average and prices barely holding that level from last few weeks
now here we need to see two red closes below 200 weekly ema and if it...
LTC breakthrough of the downtrend line. If price fixes above the trend line, movement to the region of 71-75 $ is possible.
If there is no consolidation, then a possible return to support in the region of $ 51. Be careful here! This support is critical. If it is not held back, then a possible decrease in the downward channel to the region of 36-32 $.
The Triangle is changed it's form but accumulation is still going.
After such accumulation we can look for Buy/Sell entries.
Before to trade my ideas make your own analyze.
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Thanks for your support!
- In DAILY TF, LTCUSD Has Almost Completed the Falling Wedge Pattern..(Bullish)
- Printing RSI & MACD Bullish Divergence in Daily chart as well..(Bullish)
- Just Need Some Spicy VOLUME For Breakout & Healthy Uptrend..
- Grab Some For Midterm & Hold With Low Risk..
Buy Between 48-54
Sell Targets 62 - 78 - 98 - 120
Stop Loss Below...
This look as fancy as it would have looked back in 2015/2016. But a copy paste of the same move within the drawn channel is showing where we are sitting right now after almost a year of accumulation and we might actually go for a last dip around 0.24 mark before moon with 20$ by mid November and 170$ in a year time.
See you in September lads to see where we are...
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Plan B from previous idea worked greatly and hit the Target. Currently the channel is broken and support turned into resistance. You can take a short position when price reject from resistance.
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Please do not trade this idea before you make your...
Hello traders. Be advised that LTCBTC approaches this 3.618 fib circle having shown strong reaction to the 3.0 before.
Now, we have potential again for a reaction to trigger a short, but sharp rally in LTCBTC.
Just something for you all to keep an eye on, if LTC is your thing.
Good luck traders.