Chikun gonna fly? Chikun gonna fly. Litecoin is at .01685 It has been ranging for days building tension.... The punchline is in the MacD and RSI. RSI is already on the way up, MacD is turning bullish. And look at those moving averages, they shall smash into the price and Chikun gonna fly. COINBASE:LTCBTC
Just a couple of hours ago, I told you that Litecoin could fall to the 50 EMA, where it should find support. That has happened exactly, as you can see on the chart. Technically, this is a positive thing to see, because it shows that we're confirming old resistance (pink dashes) as new support. The pink dashed support level, and the 50 EMA, are now very important...
Though it's not a perfect head and shoulder setup, illustration shows much similarities. High volume during left shoulder creation and medium volume reaching the Head, low volume creating the right shoulder. Creator, Charlie Lee relinquishing his holdings is a good reason for the decline, negative sentiment. The space for quick and low fee coins are becoming...
Yesterday, I gave you the inverse head and shoulders pattern, in LTC, before the right shoulder had even filled in. Today, it filled the right sholder and is now breaking out to the upside, in an explosive confirmation of the pattern. In addition to the breakout, there is a bullish cross on the MACD, which is circled in green, and nice clearance of the 50 EMA....
Breakout here is very probable, Litecoin is ready to moon!
My last post a month ago on LTCUSD outlined the targets hit above 150 that represent harmonic extremes. The price doubled from there but has consolidated to setup a continuation within the framework of harmonic pattern structures. Much like BTCUSD , LTCUSD has triggered a harmonic pattern that targets a MINIMUM RETEST OF THE PRIOR HIGHS. Meanwhile, the RSI...
This is an update to the LTC/USD 4hr chart I posted about an hour ago. 4hrs seems like a long time in the crypto world, so I drew the trend line more conservatively and changed it to a 1hr chart. Hopefully this gives us a quicker/better buy signal. Enjoy!
I am looking for litecoin 240 to reenter. Good luck traders.
300% gain in LiteCoin on the horizon
After BTC/USD dragged the entire market down after a strong bulltrend, LTC/USD looks primed and ready to go to new highs
Woooow. look at that. ascending triangle, cup and handle formation, ascending RSI, MACD cross the line, ADX too. Charts against USD we are oversold.. there is just place to do all in BUY
Price holding at daily support / 50% fibonacci level & failed to closed below.. Price testing resistance currently, watching for a break & retest of the counter trend line for buy opportunities.. 2018 will be a big year for crypto currencies
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Buy @ 255.00 TP1 @ 455.00 TP2 @ 502.00 SL @ 200.00
Now that the bullish exuberance has been snapped, Litecoin can see selling all the way down to the 50-day below $200. Institutional dip buyers, like those that had orders in below $225 for that mini "flash crash," will sell rallies. It's Buy Thy Dips and Sell Thy Rips until the dust settles for Bitcoin ($12K? $10K?) and sentiment favors long-term buyers.
What we are seeing might be the end part of the 4th wave and maybe we will see litecoin take off, I will take my profits around 500$. What do you guys think ?