-Support seems to be holding but what I notice is that price is having to go deeper into the support and make smaller moves from the support which is telling me that the buyers are not able to really step in. -I am bullish and I like buys inside the support area but until we start breaking the previous LL/HH pivot point area, the profit margin is small. 3...
Greetings, Today we're having a look at one of my favourite classic cryptocurrencies, Litecoin . We are at the bottom of another lengthy swing trade (2-5 months long trade). Right now Litecoin price is on strong support levels ($97-100). If it breaks below $97, we are in trouble people (Set stop losses accordingly!). For those new to the game, let me give you...
Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Litecoin ( LTCUSD ). Litecoin price is made a recent attempt to move upwards in a rising wedge however the price fell and has been trying to recover. It has very strong resistance ahead as noted by the various trend lines in the chart. There is also the Ichimoku Cloud...
Here is my view for LTCUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Litecoin ( LTCUSD ). The chart is self-explanatory. Litecoin has multiple bullish factors that may give it a nice push upwards. The RSI and MFI were supported by a trend line, the MACD had a bullish cross, the Market Cipher indicator shows a green dot. The price is...
Now that BTC has bounced as we expected although dealing with some $42,000 resistance, LTC I see one of a few to lead the run of the alts as it has done on other bull runs. I am quietly confident and aggressively invested in this position so wish us luck and lets hope LTC breaks the resistance and goes on a huge run as I am suspecting may eventuate.
D1 - Price has reached a key support zone. Multiple bullish divergence. H1 - Bullish convergence. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further in the short term after pullbacks.
Hey guys. As you can see on the Litecoin charts in the past, a noticeable ABC correction wave is visible. If we take the similarity ratios of 1.375:1 (490D & 357D) and apply it to the current cycle, we can determine the next local top. 70 Days * 1.37 = 96 Days from the C bottom correction wave. These numbers are from the May-July correction, based on the 2018-202...
LTCUSD is at his main support, bouncing back off the bottom of the Bollinger band, once it breaks down wedge we should see a retracement back to 50% fib zone. entry: 110 (Once it breaks out of the wedge at the top) Invalidation: 84.63 Target: 189.92 ratio: 1:3.14
LTCUSD - Intraday - We look to Sell at 107.15 (stop at 111.10) Preferred trade is to sell into rallies. Previous support at 108.00 now becomes resistance. We have a 61.8% Fibonacci pullback level of 108.41 from 116.00 to 96.14. The primary trend remains bearish. Our profit targets will be 96.14 and 91.22 Resistance: 108.00 / 112.00 / 116.00 Support: ...
Since November 2021, Litecoin was one of the weakest coins, losing 66% of its value from 300 to 100 at the moment of writing. Looking at the chart we can see that the price evolution was very "technical" and each rally was sold in resistance or very near. In my last Litecoin comment I said that a rebound from 100 is probable but this should be considered a good...
Hey Traders, I am very stoked about Litecoin as in technical terms it has a strong bullish divergence, fading weekly AND daily MACD, tightening Bollinger band (hint of volume incoming) and combined with a falling wedge. This could be a potentially great trade of 35%, with 3 to 1 leverage we can set stop losses below the swing low of the descending support and...
Here is my view for LTCUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Litecoin has recently completed the ABC correction and we are ready for the next massive impulse wave with very minimal risk. We have a descending trendline where it would confirm our bullish outlook. However we can take a risk entry now with stops below the lows and target the ATH's making it an incredible risk:reward trade. Trade idea: - Risk entry now with...
Litecoin seems like a pretty good deal if you consider the rhythm of log returns. The fun will last shorter than usual unless we can break out of downtrending peak returns, and this would put us facing more losses. Notice how there is a higher proportion of red vs green in each third of the chart. I think we have yet to see peak losses. Good luck and hedge your bets.
The diagram on the left shows Ranko Litecoin analysis. In the Ranko diagram, Litecoin created a single-back pattern and broke it down. This is a signal for the continuation of the downtrend. This signal will be canceled immediately if LTC returns to the single-back pattern. The chart on the right shows the LTC trend channel. As can be seen, the breakdown of the...
I draw my forecast for litecoin. this crypto is in fight with its monthly support. however price recently penetrate to lower prices but there is a hope for bullish move as I draw in chart.
Fake support/ double bottom created to trap & liquidate crypto bulls attempting to leverage swing the bottom