This is to show how Litecoin and dollars doing right now.
Litecoin Will Litecoin work out the "FLAG" figure? Litecoin froze in a narrow volatility range, having formed the flagpole of the "FLAG" technical pattern. Since the coin is within the semi-annual downtrend, this figure is classified as an inverted flag and most often tends to continue the trend, which undoubtedly forms a new strong interest in selling within the...
litecoin is oversold on dailytime frame, so find a good entry on lower timeframe and aim 50 percent retracement, maybe higher if dollar continues to weaken, but for an easy trade thats a good target, stop loss 39.5 so trade is about 2:1 risk reward ratio
LITECOIN is in a very interesting Zone. It has a potential to go either ways from here. Blue Line & Yellow Zones BUY Areas, RED Line & Red Zone Sell Areas. Break of 176 & close Above will signal short term reversal & 230 will be next upside target. If LTC wants outperform BTC than it must post 20% Gains in single daily Candle and Cross 176 with conviction
Litecoin had a beautiful run up from 100$ to 370$, there was a lot of fomo when the price was increasing. Now we are undergoing a healthy correction ABCDE, or ABC correction. If we use the fibonacci retracement tool we can clearly see that "B" touched the 0.236 fib level, and "C" touched the 0.618 fib level with scary accuracy. This makes me belive that "D" will...