Dear Traders, we have a good opportunity of going long on Litecoin, as we will be seeing DXY to be bearish for short term in coming time which will probably the first week of June; NFP will be highly impact on Crypto market.
LTCUSD BEARISH REVERSAL- Butterfly Harmonic Pattern
Butterfly Harmonic Pattern detected on this Chart. We'll ride the Bearish Trend reversal after Confirmation of this trend with a series of LL and LH. Placing Sell stop order and TP1 is at least 1:1. Later with trailing Stoploss levels more Tps Points will continue to ride this Bear trend.
Happy Weekend, Prices of the crypto has been bullish since we have got to know about USA BANKING CRISIS making DXY and other currencies vulnerable therefore for shorter term we would be expecting price to continue rising until it reach out area of reversal where we can sell for swing entry.
Litecoin - 24h expiry - We look to Buy at 90.01 (stop at 87.81)
Daily signals are bullish.
The sequence for trading is higher highs and lows.
The previous swing low is located at 87.98.
Preferred trade is to buy on dips.
50 1day EMA is at 90.08.
Bespoke support is located at 90.
Our profit targets will be 95.51 and 96.51
Resistance: 95.00 / 97.50 /...
Litecoin - 24h expiry - We look to Sell a break of 94.48 (stop at 96.23)
Posted a Double Top formation.
Short term momentum is bearish.
An Evening Doji Star formation has been posted at the high.
A break of the recent low at 94.52 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 90.11 and 88.11...
-After a months of bearish and seller control price recently have shown the bullish reversal, potential a long bull trend has began. Price bounced at the daily external liqudity zone.
-Our first target that we are aiming is 106 however if we break that trend then it will be an indication of the long run.
-Trade will be activated once it shows some retracement so...
Green box and EQ might be worked as a support level .
The bottom of the green box, liquidity zone and around 88.97 will be the points I will observe as resistance.
With the loss of 77.95 (1H) , the first bounce of the price will be around 75.88 .
I wish everyone a good week.
Price Action into LTC halving seems consistent without regard to market sentiment.
SENTIMENT AND ENVIRONMENT INTO LTC HALVINGS:
2014 - "MT Gox.. Silk road... etc"
2018 - "ICO crash, BlockWars, China Crypto Banning, Fed tightening. . .etc"
2022 - "FTX collapse, Fed Tightening, 3 arrows capital, etc etc"
LTC seems to not care and its halving is usually about 9-18...
Here is my view for LTCUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for LTCUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for LTCUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Press the like button if you enjoy this content 😊
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Press like button if you enjoy this content 😊
Here is my view for LTCUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for LTCUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for LTCUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for LTCUSD on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for LTCUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
