I admire Charlie Lee and i think Litecoin has tremendous value. The value of the asset lies in its secure network, liquid market and relationship with Bitcoin. LTC is listed on more exchanges than ETH while being supported by over nine payment processors. However the rationale for this trade has little to do with the assets true value. My argument would be that...
LTCUSD is approaching our first support at 51.57 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 57.14 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement)....
LTCUSD is approaching our first resistance at 53.13 (horizontal overlpa resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 47.08 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing of bearish pressure in line with our...
LTCUSD is approaching our first resistance at 57.96 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 53.22 (horizontal swing slow support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also...
Playing around with the fib channel on LTCUSD and I think you could try to go long here for a possible bounce to around 56 usd where the red 23.6fib will act as resistance together with one of the rising fibs from the other channel. I'm not taking this trade but just thought I might share it. I don't see any clear divergences and the RSI has enough room to grow.
LTCUSD is approaching our first support at 53.58 (horizontal overlap support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 57.86 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with...
LTCUSD is approaching our support at 51.94 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur pushing price up to our major resistance at 57.86 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI...
LTCUSD is approaching our first resistance at 52.17 (horizontal pullback resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 49.16 (horizontal swing low support, 100%, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line...
LTCUSD is approaching our first resistance at 58.52 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 49.20 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching resistance where we might see...
LTCUSD is approaching our first resistance at 62 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 53.64 (horizontal swing low support, 78.6% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a...
If you follow me you know I'm long on LTC. Attempting a small swing trade today, I made a mistake and traded LTC/BTC a bit too early around ranging from .00882 - .00886 ! I saw some bearish divergence but , alas LTC caught an extra push and I missed out. But no worries! We hit the top of the RSI on several LTC/BTC charts today so I'm confident it will come back...
LTCUSD is approaching our support at 63.38 (horizontal pullback support, 61.8%, 100% Fibonacci extension, 38.2%, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 71.61 (horizontal pullback resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). RSI (55) is approaching support...
LTCUSD is approaching our first support at 58.71 (horizontal pullback support, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 64.88 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). RSI (34) is approaching its support where a bounce off...
LTCUSD is approaching our first resistance at 60.55 (61.8%, 100% Fibonacci extension, 23.6%, 76.4% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 56.21 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our...
LTCUSD is approaching our first resistance at 58.89 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 53.67 (horizontal swing low support, 61.8%, 100% Fibonacci extension) Stochastic (21,5,3) might be seeing a bearish divergence and...
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