lITECOIN/USDT LTC/USDT (Possible ABCD pattern and wave 2)
Lite coin been oversold looking at the buyer zone market may form ABCD pattern along with the wave 5 elite wave formation.
Litecoin after recent high happened last week after Charlie Lee announced that he quit working for Coinbase and will do full-time for Litecoin development market just reacted quick and too the price to $50 use a coin.
Now the chart lost the steem and the market is today overbought lost the grip in the near term support i assume the market will drop more and the...
Litecoin appears to be nearing the end of a bullish non-limiting triangle, however, this pattern still remains unconfirmed and could potentially break in either direction, but the upside seems a lot more likely based on momentum and also the general bullishness of cryptocurrency at the moment with BTC nearing all time high again.
Also since this is a non-limiting...
Litecoin has pumped hard in the past, and last two times retraced the whole pump and even more during a LONG bleeding period.
A month ago, LTCBTC found support at the bottom trendline coupled with a longterm reversal zone. There it found strenght to bounce and break a +300 day downtrend.
We can see LTCBTC is facing now a strong trendline from ATH week candle...
Litecoin looks like it had peeked and is going on a down trend. The RSI indicates that the top is over. It is to wait if the Support at $50.00 is going to be broken or not, when it is broken I would advise buying between $45.00 - $40.00.
Also note that if something fundamentally change (MAST; Lightning Network, ..), that it could take a upwards trend fast.
Litecoin is becoming relevant again. The possibility of activating Segwit will lead to a lot of speculation over the coming weeks (which is getting close to the 75% signaling target but will need to stay there for a couple weeks even if it reaches it). If Segwit does activate, get out your popcorn...
Just roughing out some lines & resistance points to try and...
Litecoin just entered a highway, with a relatively fast lane..
No major resistance on sight until $10.2 ~ $11 which is a historical resistance from January - June where many bagholders will be at. (20% gain from here)
Strong bull for the next week or so.
Litecoin isn't for the faint of heart.
Currently, it had a nice pop from a major support line and then quickly found resistance and wasn't able to get through it.
The Volume is steadily increasing. The MACD has made a cross and moving upwards, if it's able to cross over the midpoint litecoin is confirmed bullish. RSI is right on the 50 level and if it's able to...
Litecoin has managed to break above its resistance level which turned to be the support level now. The overall trend is bullish. So, I'm aiming at $550 for Litecoin.
Litecoin (LTCUSD) continues to rally after breaking the descending trendline.
If price comes back to the support level around $135 we can expect the rally to resume up to the resistance around $175.
If the current rally continues and price reaches the resistance first, we can expect a reaction and a possible drop from around $175.
If the nearest support doesn't...
