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LTC hitting this trendline. Bounce or move down?LTC is interesting right now. It's really similar to ETH in that it's hitting this trend line and that it needs confirmation for a confirmed move down. Could it continue going up from here? Sure, but I am on the sidelines until we get some more direction.
RSI is confirming divergence
MACD is looking to cross here, but you need confirmation
This 140 level should provide a bounce. I prefer the 125 area, and if we break 140 we are going there, maybe 130. but it will be in that area.
Happy Trading,
-Sherem
LTC correcting from Elliott wave structureLTC is currently correcting from the Elliott wave structure prob till 0.5 or 0.65 fib lvl and is forming a downward channel.
After correction I think we are going to see the 3th wave of the bigger Elliott wave structure that it is forming.
NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep.
If you want to donate crypto:
L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye
B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k
E T H : 0x43e36a719c407285ec3c967857d13e9926771b78
X V G : DFT1FpC1d9MBHfFB7M4UPjorQEfJuFQEoh
LTC 130 retest waiting....LTC really rallied today - support above $140 is a great sign indicative of a possible turnaround finally. We shall wait and see.
Trying to catch a potential pull-back/retest of the low $130 rally that happened today, this would only issue further support of a bull market turnaround. Of course, I'm never too confident as anything is possible (especially in the crypto markets!)
Waiting patiently for this thing to drift back down to the 88.6% retracement, and we'll make a price target, stop loss determination from there.