Reasons to long:
1. Strong Resistance turned into Support on Daily.
2. Weekly RSI testing support.
Please take a look at my trading idea "Perfect moment to buy ALTS!" where I explain why I think ALTS will have a big bounce in the next weeks.
LTCUSD has reached a strong resistance level.
Now there will be a rollback to support level 67.6 near the support line. From this level I expect growth to the level of 75.5
Feel free to write your opinion about LTCUSD in the comments
The strength LTC has been showing the past months, the weakness it has been showing the past week. Bitcoin rallied so much, one would expect LTC to rally a lot more as it has done the past months. But instead, it barely even moved. Just doesn't make a lot of sense, unless we are seeing a lot of profit taking. The ending of the parabolic move shows us this, but so...
Charlie Lee will go down in the history books as having some of the greatest predictions in crypto.
I wanted to mark these tweets in the history books so people would remember the mind blowing trading genius Charlie Lee.
On March 30th, he tweeted that after Segwit, Litecoin Price woudl go up an estimated 300-400% to $14 was near the absolute bottom of Litecoin's...
LTC surprises and breaks back above into the wedge giving us a higher high! Let us watch for some bullish consolidation or even more upside movement. Holding $72 would be ideal, $73.25 is the next high to break. Upper targets will move along with the ascending broadening wedge.
Right now BTC is near Major resistance and ALT's have already sold off heavy. There is a good chance that and alt coin bounce is already under way. Here's the next target.
Join us for the live stream today where I break down this position!
Binance Us Customers | Technical Analysis Bitcoin (TradingView) | Crypto Trading Signals #61
I have been a trader for 13 years and I have traded through the financial crisis . I have been around the block , I have gained and earned lots of experience while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and profitably .
I ALSO RUN A DISCORD GROUP OF VERY INTELLIGENT...
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...
Price has broken the uptrend. The trend has changed to a downtrend. Trading in the downward channel. All levels and channel on the chart. The price breaking through the downward channel and fixing above it can mean a temporary change in trend.
Trend lines are drawn on the chart between support and resistance. The top trend line connects price highs. The bottom...
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In this chart, similarities between August 25 2015 halving versus the current halving on August 5 2019 are compared.
Surprisingly both are similar as being in a narrow orange falling wedge. Also note that for the Litecoin Halving of August 25 2015, Bitcoin, Litecoin...