Overview:
LTC/USDT has exhibited the formation of an XABCD harmonic pattern, coinciding with price action reaching a critical support level. This convergence suggests a potential bullish reversal from point D, presenting a favorable opportunity for traders to capitalize on the anticipated upward movement.
Entry Strategy:
We recommend entering a long position...
1D time frame
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LTC retesting the triangle structure with a falling wedge
Now it is going to break out the wedge, breakout is timing to take entry.
TP: 123~132
SL: 79.77
The price hit the monthly and weekly resistance confluence MR1+WR1 and got rejected from there. Currently the price is facing pullback due to that rejection. Next signifiant support is the weekly support where the price is likely to be headed. I expect the price to touch this weekly support zone for a good bounce. By the way, prospect of this one is looking good...
The price has broken out of the weekly resistance WR1 and currently trading above it. It seems that the price wants to aim for the 102 area. Lets long this one on retest of this breakout (somewhere close to the resistance zone WR1).
The price has hit the weekly resistance WR1. The price has momentum and strength. However, I still expect the price to retrace here towards daily resistance. This may provide it the additional strength to move beyond that weekly resistance WR1.
The price has been pushed back from the weekly resistance and currently trading right under it. It is also trading currently above 1h support zone after hitting it and bouncing from it. A long shall be favorable if the price hits the next support zone marked as 3HS. The target for that long should be 94.66. In case this 3HS support is lost, the next support is DS...
Litecoin has shown a mote of its bullness after a double bottom reversal to the close previous highs and since the breakout from the descending channel, ltc has been consistently moving up. A breakout above $158 will validate an uptrend to $216 then a breakout above the key resistance level ($216) will also ratify a huge uptrend inside the previous rising channel...
