It fell out of a rising wedge and RSI approaching support which most likely it will break, unless it bounces off the RSI support. LTCBTC will also drop under the ichimoku cloud which is bearish and might test the support of the downward blue line. Unless it bounces at the bottom of the cloud.
A drop in LTCBTC usually means a rise in BTC .
The halving spike historically has happened either roughly 30 days before or 30 days after the halving event. Many consider the recent run-up to $144 as being the halving spike. This is far from the truth, the recent run up was due to BTC's astronomical rise. Halving price spike has not been factored in yet.
Where is the proof? The fractal shows an upcoming...
LTCBTC Right now it's on-demand Zone wait for reversal Condalestic Confirmation.
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan.
Price action punched through major resistance trendline and ichimoku cloud, possibly forming an harmonic.
However, LTCBTC has been a major disappointment with former break-out failing and reaching a newer low. Must wait and see.
We had a beautiful altseason with gains of over 300% in many cases. That means triple your BTC. Ain't that good? I bet it is!
But don't over stay to long in it. Some coins will still have some juice in them by the end of the season. But LTC has always led the market & season since 2015.
Now we enjoy the rides & profits. Stay safe!
LTC appears to winning the battle of the alt-coins. Compared with the other major pairs against BTC (ETH/BTC, XMR/BTC, etc), LTC seems to be in the least downtrend.
If you went long on LTC/BTC I reckon you could make a fair bit of cash by Christmas this year.
Keen to know what you think.
Recently we shared a chart for Litecoin (LTCUSD) mentioning the halving event and how it all works.
We warned that the hype surrounding these events can lead prices to move lower rather than higher... And that's how exactly how it all turned out, you can see it by clicking on the image link below:
Litecoin Halving Coming Soon, Up or Down... Crash...
LTCBTC will go up because of halving - this is very strong fundamental
What is Litecoin Halving?
Litecoin Halving is the event where the number of generated Litecoin rewards per block will be halved (divided by 2).
The total number of Litecoin mined by miners per block will reduce from 25 to 12.5 LTC in the next litecoin halving.
The number of litecoin found per...
Litecoin is breaking major multi year support at .007. Short, but beware the bounce. Might be best to wait until Lite Coin goes below .006 to make sure support is broken.
Looking at the global LTC chart we can easily find the global support level. Unfortunately, Litecoin is located very close to this level and ready to break one.
As you might understand, this level is very strong, because it has rejected the price twice. Therefore, in case it will be broken, the overall bullish trend will be changed to the bearish.
Why do I...
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to your risk mitigation.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
SELL TARGETS
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LTC/BTC ratio bottoming out, along with most altcoins, except for a few exceptions (Tezos, ChainLink). Will Bitcoin settle out during the month of September while Altcoins revive? Bitcoins 200 day MA at $6,194 works as the strongest support, which shows how much more the currency could potentially drop.
Hey, we have great news for you!
After 17 days "Litecoin Block Reward Halving" will take place.
In the medium term, we expect a strong price increase in the direction of 0.035.
A trade ratio of 26 to 1.
You have a great opportunity to take a chance!
Follow us and join us!
Thanks for repost!
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