1. As we can see 21 EMA daily is still green, which indicates we are still bullish (Green colour)
2. Support is around $ 43. Be careful if the price is under $ 43, it will turn 21 EMA daily to red. (Blue rectangle)
3. The closest resistance is at the 200 EMA daily around $ 51 (Yellow Colour)
4. This bullish trend target is around $ 63-70 (White...
The market is giving many mixed signals but here is my view on BITSTAMP:LTCUSD. BITSTAMP:LTCUSD always seems to foreshadow BITSTAMP:BTCUSD movements. I have a bearish view of this market right now, but I honestly cant give you my definite view. This has been a no trade zone.
Bearish divergence on multiple time frames with the RSI and MacD.
Price is also hitting the white trend line we have been under since Nov 19 which makes me believe LTC will be falling through the orange trend line soon.
Litecoin corrected 86.33% from its all time high 366$ currently trading inside a falling wedge following two trendline support and resistance line. Now Litecoin has a immediate support at 49.144$ if break then expect Litecoin to see at between 32.815-35.959$ where Litecoin has two support and trendline support. During a cryptocurrency market crash Litecoin is the...
The Daily timeframe of Litecoin (LTCUSD) as shown in this analysis captures price from January 6, 2018 to present date as operating inside of a falling diagonal (wedge) chart pattern i.e. #1 as indicated on the chart.
The latest test and confirmation of the falling wedge occurred on August 14, 2018 at ~$49.14.
Any bullish trade inside of the wedge is considered...
We Think we will see upward move to LTC so be ready next levels will be 59 at least and can complete till 61.5 see chart & please always keep in your mind that market still so risky so never forget to set you stop loss plus keep eyes on BTC
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Best of Luck.
LTCUSD is closing to the lower trend-line on a downwards trend. In this regard, LTC should bounce back up to test the resistance of the trend. However, due to the current movements of BTC and other Altcoins, the risk involved in going long on this pair now is rather high, thanks to the uncertainty created by the news.
For the moment this is what the technical...
The 4hr timeframe chart is used in this analysis to inspect price action in LTUCUSD.
Three things to keep in mind in this case are highlighted on the chart and discussed below:
(1) The major trendline in Litecoin (LTCUSD) since ~January 06, 2018. This bearish trendline is still active and its implication is that it is safest to initiate a position only when price...
As explained on the previous analysis, the price found an excellent cushion level just above the 106.323 1W support and according to the Fibonacci levels of the previous 1D candles, the price should now rise to a Lower High just above the 0.5000 extension (yellow ray at 148.427. It has already started to do so but remains more neutral than expected on 4H (RSI,...