See what the situation is! The undefined entry point to this transaction therefore remains to monitor this pair and determine the entry point from the other situation. If something changes, I will post it.
Litecoins range within this triangle & each respective triangle slope & the median line in this pitchfork is narrowing.
Break through the upper triangle slope targets the upper slope in the pitchfork
Break through the median line in pitchfork and we target the lower slope of the triangle
LOOKING THIS CHART I FEEL A BIT BEARISH IN THE SHORT TERM.
OF COURSE DEPENDS ON BITCOIN'S MOOD...
FIRST TARGET $80
LET'S SEE WHAT HAPPENS ON SUPPORT (BLUE TRENDLINE)
STOP LOSS AROUND $93
STAY TUNED FOR NEWS
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Will halving pushing up LTC? I personally believe that yes. I am accumulating it from January 2019. Now we are on important level. If LTC break 0,011 BTC, perhaps 0,01 are in game. If fundament about halving should stay strong - LTC have to rise, because LTC halving is a pattern for BTC halving. People are expecting pump. If pump not come, they will ask, if the...
Hello, guys. As we can see, litecoin has a bullish divergence with the btc pair. This means that altseason is knocking right now.
Entry : 0.01160 - 0.01180
Target: 0.01400 - 0.01600
With leverage this is a very big play, hope it goes right for you.
*Not financial advice, only my own opinion on the market*
Hello my trader friends,
TraderNoxtreme back with you weekly Litecoin in depth. I hope you are ripping profit out of this market left and right or nailing the swings. Please like and subscribe if you want me to keep doing these.
LTC Weekly 5/20/19: Not a repeat.
Welp, our historical comparison broke when we hit 107+ last week which is great for bulls. We are no...
1H CHART EXPLANATION:
As we can observe, price is currently on a Head and Shoulders pattern after bouncing at the Major Resistance Zone. If price breaks it and consolidate below, we will wait for a pullback to the neckline of the structure to take short positions towards the Ascending Trendline.
If BTC drops big, it could send LTC down to at least $30s, thanks to a H&S (RED ARROW) then to a Double top that are forming (YELLOW ARROW). So, stay alert.
Let me know what do you think.
Only for entertaining purposes.
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