Litecoin Bullish Engulfing Candle Next leg up? LTC Macd Bullish Cross. Look to see if we can break $35 this time.
Macdcross
Strong Bullish Engulfing Candle on 15min ChartNews that several major crypto exchanges (Kraken, Poloniex) just experienced ddos attacks triggering massive sell offs and margin calls cause a decent dip in LTC, ETH, XMR, and others. Looking foreward I see a strong Bullish Engulfing Candle forming near support and a MACD cross. Looking to trend back up from hear.
Litecoin Bullish Engulfing Candle on a V BottomLitecoin has formed a V Bottom and tested support. A strong Bullish Engulfing Candle has started the rebound. I have seen Sunday mourning historically show a lull in trading and the price testing support. I am looking at the $32.20 mark as a key resistance we may break then more back toward the $35 mark. Support looks to be around $29.85 to $29.30.
Litecoin (LTC) Bullish Ascending ChannelLitecoin (LTC) has formed a new Bullish Ascending Price Channel on 15 minute and 5 minute candles. Support is moving up and LTC is revisiting some key resistance areas from this afternoon and yesterday. Remember the market likes to go where it already has been. Crypto's are very strong right now both ETH and BTC at ATH. Look to segwit completion, coinbase adoption, and lightning network implementation as catalysts for LTC price action. Ive put in some key resistance levels that im looking to see retested.
Litecoin Bullish Ascending Price ChannelLitecoin/LTC has formed a Bullish Ascending Price Channel, high volume, MACD cross, and News. LTC is reaching 100% implementation of segwit, has been listed on Coinbase, and is working toward implementing Lightning Network.
Momentum Squeeze Play, GSVIncreasing volume, MACD crossover, broken resistance line, squeeze momentum on. Price target of $3.00, for just under an 18% return.
AUD/USD Rising Wedge and Long-Term Channel ResistanceAUD/USD is incredibly close to the long-term resistance and profit potential is becoming limited for bulls. I'm looking to short soon once I can see a clear breakout from the rising wedge. Also, my price target will be .745 to .748, for I believe this will retest the 200 day moving average.
Key Points
- Rising Wedge (Bearish)
- Double Top (Bearish)
- Long-Term Channel Resistance (Bearish)
- MACD Crossover (Bearish)
- RSI (Neutral)
GBPJPY 4h shortMACD divergence. Price coming off of resistance. Heiken Ashi candles bearish. Just waiting for MACD across.
