To confirm my idea three days ago, I said (almost crossover) on the MACD chart. Today, the crossover happened, which is a bearish signal (MACD under Signal). I still think we are moving towards the support of the uptrend channel, with shorter uptrends and downtrends.
Another thing to watch is the ascending triangle more visible in the 4 hr chart.
As you can see in the chart, my analysis is based on 3 indicators.
1) we are moving downwards towards the support of the very clear uptrend parallel channel.
2) a cross over between MACD and Signal, where MACD become under Signal, this is a bearish signal.
3) we have 3 lower highs histogram.
To put all in one picture, I will wait until we reach the support of...
I am not professional analysis, I have been into crypto back to 2016, has been checking and learning how to analyze, this is my idea where we gonna get price changes, This is not investment advice by the way
LTCEUR is in an uptrend channel. Currently on top of the channel. I will sustain from buying until more clarity, either to touch the support line of the channel or breakout upwards. If it breaksout, target is 133€ which is equal to width of the channel.
LTC is going great these days:
Buy arena at the begining/midle of the arising range: 90 to 105e.
TP1: 115e hit
TP2: 125e hit today?!
TP3: 160e in sight
TP4: 180e possible in few weeks, but I doubt it will reach this area easily
RSI is overbought in daily however even with a little correction it will be all good. We exited the arising chanel by the top, and if...
Based on my analysis, we are on 5th wave. Each of the 2-3-4 waves have hit the exact fib targets of wave 1. Wave 5 should reach 200% or 223% of wave 1 as per fib theory. I’ll target to sell at 112 to be in safe side. We should expect A-B-C Retracement wave afterwards.
!!! LTC is really strong lately, with heavy breakout following EXACTLY the ascending canal for months now. !!!
The RSI stoch are entering the 80+ area:
"Signal de sur achat ou de sur vente : quand le Stochastic RSI est au dessus de 0.80, alors la valeur est considérée comme sur achetée et une correction à la baisse pourrait intervenir dans le futur...
LTCEUR - 63.46 / 65.51 will set the mood for LTC.
A - 65.51 becomes a S then > 69.13, next R @ 74.36
B - 65.51 remains R, ping-pong 63/65
C - 63 fails, see you around 60.78 (lover W)
W - from W candles
D - from D