LTC breaking through resistanceLTC/BTC pairing. Breaking through resistance initiating wave 3 after retrace. PT shown on chart.
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LTC is FallingLTC is going to break EMA20 at $247 and will fall to MA at $224, if this also breaks then price may drop to critical support to $168.
conversely if the direction reverse and breaks $270 upward then we may expect $286 price for litecoin.
LTC/USD LONG SET UP LTC/USD (LONG SET UP)
BUY AT- $220.00/ $205.00/ $170.00
TP.1- $300.00
TP.2- $325.00
TP.3- $350.00
TP.4- $375.00
Support: $230.00/ $220.00/ $200.00/ $185.00/ $170.00/ $150.00-$140.00
Resistance: $245.00/$255.00/ $265.00/ $275.00/ $290.00/ $300.00/ $325.00/ $350.00/ $375.00
LTC/BTC new highLTC/BTC is sucking/buliding a lot of vol. recently. it just time to brust and moon.
that can go insane from 40% to 200% profits.
fibo levels is shows us good sign. printed most obvious ascending triangle uptrend.
although, RSI isn't that perfect.
let's hope for good guys!
LTC BTC broke falling wedgeLTC BTC broke and retested falling wedge
First target weekly resistance at .008
LTC/USD LONG SET UP (HODL)LTC/USD lLONG SET UP)
BUY AT- $265.00/ $255.00/ $245.00
SL $230.00
TP.1- $300.00
TP.2- $325.00
TP.3- $350.00
TP.4- $375.00
Support: $265.00/ $255.00/ $245.00
Resistance: $300.00/ $325.00/ $350.00/ $375.00
LTC(Litecoin) = 420?LTC at crucial level we should not consolidate at current level else back to the waiting game.
Should see 420 soon followed by topping out at 449 levels.
RSI is overheating but still has some more room upwards.
LTC USDLTC has broken the median of the first channel reference on old chart below. It has also broken above purple resistance. Price expected to hit median of larger channel around previous ATH and likely experience a pull back. Long term target is still top of main channel.
**Disclaimer: I am not a professional. This is not financial advice. Trade at your own risk. I am merely sharing my thoughts.**
LTC moon soonLTC might be one of the easiest trades right now. Printing a clean pennant and ready to take off soon. Building longs within it cause once we leave you won’t see it ..
LTC potential bullish dipLTC looks like it might possibly dip over the next few days setting up a potential bullish bounce from what I am seeing.
Bullish continuation divergence for the previous upward trend looks to be presenting itself as Litecoin looks to consistently be fighting higher lows while RSI continues to dip. If the support holds between $175 and $190 forming a wedge, and if RSI continues to drop around these price ranges (particularly to around 37), this looks like it could set up a good potential for a bounce upward (as shown on my previous logarithmic chart).
There is still a potential break downward if a price drop below $175 were to occur, but if this is avoided, this might spell some really good news for Litecoin over the next couple of weeks. It is definitely something to keep an eye out for at the very least.
LTC $300 ---> INCOMING! LTC looking like it's going to break out of a beautiful pennant! I am L.O.N.G. !!
LTC LongLTC looks over exhausted, as you can see the energy is high up in the sky and eventually has to go down, if we look at FIBO I'd say "1" is quite possible and it's forming Low Pole pattern on P&F which indicates double bottom at $165 basically the same. So won't be surprised once we hit that.
Remember! There are no 100% TAs that work, at most 95% possible.
LTC: The Calm before the StormLTC is now trading around a very critical level. Thus, a Long position can be easily spotted for several reasons:
1. Fibonacci Retracement: Price is around 61.8% which is a very important level acting like a support here.
2. Formation of Pattern: A double bottom could be formed in the next few hours and it is clear that if the price rejects the 61.8% it means that a DD has formed on the hourly timeframes.
3. Cryptocurrency Influence: Cryptocurrencies and especially BTC and ETH are far from the selling idea, adding more confirmation into traders minds that cryptos are never to be sold.
Will it bounce back as the speculations are for the other cryptocurrencies ? Time will tell.
Trade Safe and Best of Luck !
MacroForex
