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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 analysis 6/03/21LTC can do both way. Its slow selling trend is not over yet but strong selling trend is over. Its strong first buying trend is over but second buying trend is not over.
FIRST BUYING TREND LINE
From first buying trend started on 1st feb and lasted till 23rd feb and on 23rd feb its daily candle closes below the trend line meaning buying trend is over. On the same day it went up from $157 to $173 and continued buying (high $205) till it touches the first trend line at $200 (on 25th feb) and then bounced back from that as it becomes resistance. so this strong buying trend is over as market fell by touching this trend line.
SECOND BUY TREND LINE
on 23rd feb it fell down from $208 to $157 and then it was bought from $157 to $205 and forming 2nd buying trend line. on 28th feb market went below this 2nd buying trend line all the way low $152 but closes above trend line showing that this trend line is still honored and continued its 2nd buying tend up to $196 in just 4 days giving 35% potential profit. now market is above this 2nd trend line.
FIRST SELLING TREND LINE
1st strong selling trend starts on 20th feb falling from $247 and continues till 28th feb touching $152 and on 1st march its first selling trend was over as daily candle closed above the selling trend line at $175 signaling that first selling trend is over and it is bought till touches $196.
SECOND SELLING TREND
Second selling trend starts on 4th march when it started selling from $196 to $168 on 5th march. now it is on the edge of 2nd selling trend line and 2nd buying trend. if it closes above this 2nd selling trend line than it can go to $203, $230 and last target will be $247 and if it closes bleow the 2nd trend ine then it can sell down to $162, $150 and final support will be $121.
FOLLOW THE CHART IF YOU WANT TO TRADE LTC.
LTC Resistance - SupportLTC Chart Update:
LTC is currently testing the 185 $ resistance.
MACD & RSI are not looking very good, but also not bad.
In my opinion, it all depends of upcoming news.
If there is good news, Litecoin will break that resistance and go to 200 $.
If there is bad news, Litecoin will fall to 165 $.
It’s very difficult to say, but I think that Litecoin will go to 190 $ - 195 $, and than bounce back down again!
LTC ChartWhat's up everyone, as I mentioned in my last post, I like LTC the most right now. It has shown the most strength since the bounce after the correction, and I think it is ready for a massive bull run. On the 4H notice the 2 tests of support at $188ish, and the third test it failed. I really thought earlier this week after the run-up toward $250, LTC was in for a massive run, but it has still shown it is going to follow BTC. I am looking for an entry in the green rectangle. If you notice the green rectangle shows us a few important things:
1. Support at both the 0.5 fib and the 0.618 fib, I believe this area hold, and all my orders are stacked in this area.
2. If you notice what I have circled and pointed to with the arrow, that the rectangle coincides with the last breakout.
Also, taking a look at RSI we are oversold now, and historically the bounce following an oversold has been enormous. The OBV is still trending down, but I am looking for confirmation here foremost before entering. (View trends in 1H & 15M to get an idea for OBV.)
I believe there will be a nice bounce in the area highlighted. I encourage everyone to exercise risk management, it may not reach this low, or it may not. No one really knows, we are dealing in possibilities. If you want to be profitable you must use risk management. Never lose more than you can afford. Happy trading!
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."






















