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LTC ShortLTC charts a trajectory within an ascending trend channel. The lower boundary of this channel serves as a stalwart pillar of support, while the upper threshold assumes the role of a resilient resistance. Notably, LTC showcases a pattern of establishing Higher-Highs and Higher-Lows, indicating an upward trajectory. Currently, LTC is on the verge of interfacing with the lower support boundary. Diving further into LTC's support and resistance structure, a significant development surfaces: the breach of the $85 support, which subsequently metamorphosed into a barrier of resistance. This shift marks LTC's current descent. Looking ahead, the next robust support stratum for LTC is situated in the range of $73.5 to $74. Notably, this critical range converges with the lower trend line, emphasizing its potential significance. The impending intersection with this support zone carries notable weight, as it amalgamates the influences of the trend line's trajectory and the established horizontal support. By extrapolating insights from historical price fluctuations within the $85 to $74 range, the anticipation arises that LTC will gravitate toward the lower support zone by the culmination of August.
LTC/USD ChartLTC chart looks very interesting today, especially because right now the LTC managed to outperform BTC (check LTC/BTC chart, I didn't post a analysis on that one, but I checked it before I make this chart). LTC has a strong support at 150$, and a long to 190$ is predictable in my opinion. Comment what you think, like and follow.
LTC chart 13.05.2017Indicators showing strong and safe buy signal / early entry from 0.0159 - 0.0133.
Calculated risk:
Potential gain = 80%
Potential loss = 20%
News since fall from ATH:
Korean and Japanese exchanges added LTC to their portfolio what indicates strong interest especially from Japanese investors since laws has being changed in Japan in favor to Crypto currencies
and since Bitbank is only Japan crypto exchange that is offering LTC in Japan:
1. www.cryptoninjas.net
" ....The company made recent headlines starting with last week’s revelation to list Litecoin and also Ethereum Classic this week."
2. bitbank.cc
" ...By introducing LTC / BTC pair, bitbank.cc became the only domestic LTC / BTC board handling exchanges."
Delayed Bull for LTC to begin. Chart is with BTC/USD overlayLTC chart on tradingview is a too new to be able to show a better history of it's performance compared to BTC.
If you go to bitcoinwisdom.com you can draw your own lines and see that LTC/USD has broken out of the decending triangle bear. Yet LTC/BTC-e chart shows that it's still in a decending triangle. Has the market, that usually follows BTC's up and downs, been hurt by investors selling LTC to get into BTC bull? Is this correction over? Will it create a rubberband effect and temporarily create an inflated price increase higher than BTC's percentage gains before jumping back on the BTC bull market wagon?
LitecoinLTC chart look very good in 4H TF, buy area $64-$67, next correction.
target this trend LTC want to resist area $90-$106.
good luck.






















