LTC broke downward structures, moon possibleLTC showed strength again today, breaking a downward widening wedge and retesting again the rising wedge it was in previously.
It is becoming apparent that the correction from $64.3 is over and a the upward wave 3 has started.
It is becoming more clear that alts season has started. It is possible that we can reach new ATH for this year.
Search in ideas for "LTC@"
LTC clearly a bearish retestLTC clearly a bearish retest, painted a bull flag to fool people.
The bull flag pump reached 2900 sats and not 3000 like i was expecting. my trailing stop got hit.
Anyway a close below current support will lead litecoin to 6000 sat area.
Enjoy.
--------------------------------------------
INDICATORS USED
--------------------------------------------
"Lady BTC BOTTOM"
--------------------------------------------
"Lady S/R"
--------------------------------------------
Check my last creation:
"Lady GOD"
LTC RED BOX RETEST COMINGLTC break the bull flag upward, heading to retest the red box. IS THE TIME AGAIN... LITECOIN HEADING?
Also Lady BTC BOTTOM printed some green bars during the bull flag, easy play.
Enjoy.
--------------------------------------------
INDICATORS USED
--------------------------------------------
"Lady BTC BOTTOM"
--------------------------------------------
"Lady S/R"
--------------------------------------------
Check my last creation:
"Lady GOD"
Ltc Analysis: will bull for 75$ then it can be retrenchment. Ltc Analysis: will bull for 75$ then it can be retrenchment. i marked all major support and resistance with channel. simple think your self with my technical manner. After reaching around 75$ you may wait for short or retrenchment. i am also attached my previous analysis. you can see.....
Thanks, IF you like my analysis don;t forget to follow me.
LTC UPDATE: FALSE BREAKOUT!LTC surprises and breaks back above into the wedge giving us a higher high! Let us watch for some bullish consolidation or even more upside movement. Holding $72 would be ideal, $73.25 is the next high to break. Upper targets will move along with the ascending broadening wedge.
LTC Short Positions DropLtc seems to be flagging over $70 which is good news for continuation upwards. The only issue now is that short positions have gone down. The long/short metric has been known to act as a leading indicator for counter measure. If the majority are doing one thing, we should look to do the other. With that being said, since the short positions have dropped off significantly enough to notice, perhaps the majority are expecting a continued rise in price. This now should raise warning signals for those hoping higher prices will come.
LTC hanging by a thread on the dailyLTC has been breaking support after support and if it breaks this support it will drop to $50 eventually. A bounce will target the resistance line of the channel.
Oscillators are bottomed out so there is a good chance it will bounce. Things look much better on the 4hrs (see idea below). So I am biased for a bounce, but not strongly.
The possible price actions, both bearish and bullish are further confirmed on the weekly.






















