Litecoin is looking pretty good. all the moving averages are coming together at the bottom , so look out! could be a break out soon! especially if the 7 jumps up above the 77 and the 231 :)
Litecoin is in a long term symmetrical triangle, this pattern is decreasing the price range and volume. Usually symmetrical triangles break within 70% of it's body. We should look closely to this triangle as the price moves, chart is in log scale.
Litecoin has had a small pump within the downward channel recently, this may lead to the formation of a bull flag in the blue box, or a retreat and possibility of a falling wedge. The Adam & Eve can be seen to be linked to the pump.
Litecoin path to 2022, i know this seems like a long accumulation period but it has been seen in the past and history tends to repeat itself. As a stablecoin, litecoin doesn't provide much utility in comparison to other cryptocurrencies. Also included some fib retracement levels, and some sine time lines.
Litecoin has formed a descending scallop on the daily chart, this is quite early in the formation but it looks to be forming it. Currently sitting in a weak regression uptrend, using this as a reference, it will most likely be broken. As said on chart any area here is good for a long entry. Still very cheap in retrospect.
Litecoin LTCUSD is consolidating nicely on the daily chart at around 99 there is also previous support at this level witch is good. A breakout of the 106 will be my buy signal and the bulls will run!. Also on the MACD we just got a cross witch indicates a swing change and we dont long over bought on the RSI.
Litecoin is climbing further North to reach the blue target zone between $132.29 and $154.36. Within this zone, we expect the coin to fulfill the blue wave (iii) before pulsing down to the corrective low of the blue wave (iv). After completion, the course can rocket back towards the sky to carry on its bullish trend until the pink wave finishes.
LITECOIN - Intraday Update - 12/11/20 (Short-term)
Outlook : Expecting LITECOIN to recapture its $93.159 high and beyond. Breaking above $86.970 ; is the next upside objective for the bulls. (Fist a Bullish Evidence)
Analysis : The break above $93.159 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to...
Litecoin will start its multi month rally soon a entry in this area would be one of the best entrys your going to get for the rest of the bull run.
The last Litecoin TA we got the breakout (orange circle) up to 300 dollars but price failed to close above the 8/1 Gann ratio on a daily , this is why I closed my position in this area, leaving a long under a marco...
LITECOIN - Intraday Update - 12/03/20 (Short-term)
Bottom Line: Subdividing higher within wave iii of (iii)
The bearish alt: count.
Bottom Line: The alternate count, is the Bitcoin may correct in a wave ((2)) minor. A more bearish possibility is that wave (C) is developing as a zigzag and will make a new low under 79.84, before the rally in wave ((3)) begins.
Litecoin has broken the daily descending structure so no more downside IMO.So If we consolidate above the market and don't go back into the structure we are totally fine.
The probability of going upward is quite high compared to a downside option but we always stay cautious of the bitcoin move so if bitcoin doesn't ruin the show, Chances of Litecoin to make an...
