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Due to unresolved regulation influence from China, the price may hover around the black speed line. Although it may go up to 308CNY by the middle of October, other crossing points with red circle marked in the chart are still possible.
Dead cat bounce pattern will lead the price down to 334CNY, and then 308CNY
1. Price of LTCCNY may bounce around the red bold line and climbing up gradually.
2. Based on the past movements, when price climbing over the red line, its movement becomes much more emotional and dramatic.
3. However, the price will eventually touch the upper green dot line. (Comparing to what happen between middle of May and middle of June.)
LTC/CNY POSSIBLE PULL BACK!!!
When correction comes, first support range may fall on 425-435CNY, if break, then looking support by 409CNY. The uptrend will continue after the would-be correction.
Just idea :)
The current uptrend may touch 405-410CNY, or even 425-435CNY, before decline begins.
If breakout upwards by 5%, to 342CNY, Uptrend may be truly formed
Firm uptrend may form when break 340CNY. I'm buying and waiting...
A Descending Broadening Wedges Pattern is formed. Price may go up to 325CNY, even 340CNY. However, if decline down to the upper guideline at 270CNY, downtrend may come.
I'm new to trading, this is something I'd like to share with you guys. According to the daily chart pattern, LTCCNY may form a Symmetrical Triangle in the coming 2 months or so. However it still needs at least one more minor high for this formation to be concrete.
had it from /btc a short time ago, still have most.
LTCCNY - OKCOIN
As we can see bullish flag perform, if confirmation line break up, target will be at 334.76
#thanks for Inct73 to help me analyze this.
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, ...
CAREFULLY WATCHING THAT TRENDING RESISTANCE LINE AFTER THE BREAKOUT HAPPENS I HOPE IT LL RETEST THE 254CNY MAJOR RESISTANCE AND STARTS THE BULLISH MOVE.
IN ANY CASE IF IT WOULD BREAK BEARISH 254CNY SUPPORT LINE AND MAJOR RENDING SUPPORT I EXPECT HUGE BEARISH MOVE TO BE HAPPEND.
As you can see, that the re bounce of LTC is not strong enough, and it has been suppressed by the lower pink track, so as what I see is the left shoulder has been formed, also the Stoch RSI has cross down in the over bought zone.
So, the neck line around 255YUAN will be test again, which is also the MA144 of 6H, if it breaks, I believe LTC will reach 50~61.8% Fib ...
entry price: 315 ,stop loss:305 ,
profit areas: 360--500--680,we would touch the 100 dollars areas eventually!
happy trading, hope I don't make mistake!
Hello guys so i think btc will go down now very soon it will take litecoin and the other altcoins down for further information just go on my latest published btc chart
have a nice day