LTC could be involved in a bearish movement in the next few days, if the price falls between $ 171-$ 178, we could see a rebound at the 0.236 Fibbo support, in which case we should expect a resistance at 0.386, in the case it exceeds this resistance, could resume the bullish movement that we witnessed until a few days ago.
In a bad occasion it could enter a range...
Hello my friends!
Why is Litecoin a good addition to Bitcoin? Litecoin has Lightning for instant transfer and Atomic Swaps for cross-blockchain trading. Litecoin is a pure cryptocurrency like Bitcoin. It was created based on the Bitcoin protocol. It has a low block time and low transaction fees. Litecoin is one of the most widely accepted cryptocurrencies,...
Hello friends, today you can review the technical analysis on the 1D linear scale chart for Litecoin ( LTCUSD ), an altcoin cryptocurrency. There are many technical indicators and oscillators noted in the analysis, so please review everything.
#CryptoPickk noted in the chart:
1) The price has been correcting after a massive rise upwards to around $302-$303....
- On the weekly scale we can spot a huge falling wedge - bullish pattern.
- RSI indicator is printing a bullish divergence.
- Profit target is 0.618 FIB retracement.
- Litecoin can explode anytime right now!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below...
For a long time, 7 months we have not updated the idea for the pair LTCUSDT, because the previous idea was working perfectly and the "Cup with handle" pattern was formed.
Below you can see our thoughts about the prospects of the LTCUSD pair 7 months ago.
previous we shorted ltc from $228, and it hit the 100% extension for the wave 5 target
i do think it has one more leg down to go, as the final shake out before it runs a bit.
remember these words; when the majority is bullish, we have to be cautious, especially in a downtrend.
when the majority is terrified, that is when we buy.
when they sell, we buy
Hi every one
LITECOIN / TETHERUS
If we Put a Pitchfork On the LTC chart we can Understand that The Price has been ranging Perfectly In this Indicator! The Price has reached the Top of the Pitchfork and Started a Correction phase which is Pretty normal! also If we observe the chart again, we can see a Bearish ABCD pattern on the chart (Ex Ret=1.618 so it is...
I believe in a rise of LiteCoin, and here I present the reasons.
Litecoin was the first major altcoin to be created after the emergence of Bitcoin, in order to reduce transaction costs.
Some analysts say it is outdated, as Bitcoin is already able to solve this problem through the Lightning Network.
However, it is noteworthy that the...
Hello dear friends.
LTC passed bearish trend line & had sharp pump which to broken two weekly Gann Arc resistance which is rejected from 2nd one .
Now it has good support on weekly Gann trend line for mor bull run .
We can consider Sharp jump of LTC as good bullish signal .
Rout is plotted with help of Gann square & Gann box .
Thanks for your...
LTC is at a very important pivot point , closing a daily above this level (orange line) could trigger a massive move to about 260. At around 260 we come up to the 8/1 Gann which is going to bring some sort of volatility.
Check out my last TA on LTC where I go over the LTC/BTC dominance.
#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 $300.
I have two possible scenarios in...
Hi every one
LITECOIN / TETHERUS
LTC has formed a Pretty Big Cup and Handle pattern. This means The Price has the potential To Move as much as the Measured Price movement (shown In the Picture). Since the Break out has already happened , we Expect a Pullback before Ascending Further & after that LTC is ready to reach 360$!
-LTC was in a Big Cup and...