#LTCUSDT:- Probably one of the best-looking alt in multiple tf.
Seen some profit booking after the recent pump.
$199 level is the Golden pocket (.618 fin level) area and an important support level.
It's great anywhere between the $190 to $220 area!
I will be accumulating between these levels.
Must continue its rally towards $300.
I have two possible scenarios in...
I'll need more volume and upward momentum to be convinced of a full-on trend change but from my last post it looks like LTC is trying to break out of what appears to be a diamond bottom on the BTC/LTC ratio. MWEB is coming so hopefully that will catalyze buys at this potentially pivotal point. I've been in the crypto and LTC space since 2017 and although a lot...
The chart pattern is almost identical on the daily as it was back in September. Forming a nice fractal pattern as you can see all the way down the very similar RSI movement.
I drew where I believe we're headed over the next few weeks provided we keep the white line which has been trend support ever since we bottomed out in July.
Let me know what you see?
LTC/USD has returned to the .618 golden fib ratio at 219 USD
Confluence in the form up uptrend support and the liveliness of altcoins such as ALGO bodes well for a tailwind among other big caps; such as, Litecoin and Chainlink.
Anticipating a bounce up to 250USD to grab some liquidity before the next pullback
1ST SUPPORT: 218
2ND SUPPORT: 202
The blue box is where price will head to next, then potentially sooner than expected it will rocket.
LTC is BTC 1 cycle behind 1/4 the price, the UTXO confirms 70% of the circulating supply going back 3 months to over 5 years have been accumulated.
These trendlines will be important, the top ones may not hold any longer after this and the bottom may get moved...
So far it looks like we've gone from greed to fear in 3 days on the bitcoin fear greed index.
We also have a giant hidden bullish rsi divergence on the 6 hour.
Bouced off $200 support
Macro outlook looks unchanged the DXY is dropping today, SP500 is like $2 off the all time highs.
This definitely looks engineered by whales to take your coins. The bullish...