All depending on daily close within next two days. If bulls manage to close daily above the green 100 MA (green) - LTC will most likely move towards the stronger 200MA resistance. If tomorrow we close below, the possibility increase to drop down slightly below previous support levels. In this case, I would look at possible Wyckoff accumulation schematics with the...
Currently in a bullish triangle, confirming upside breakout from daily since mid-November start of a downtrend. Target is somewhere near the $190 mark if support holds. Once we close daily below $125 this idea is invalidated. Good luck trading!
Currently in a long-term uptrend.
Until green - STRONG - support is not broken (no weekly close below the trendline) we can potentially see a possible breakout to the upside, above the red resistance. Do not buy a spot before the confirmation of current red resistance.
While running analysis on LTCBTC market I spotted serious opportunity for a decent LONG expecting BTC profits. After realizing what long term chart draws for us, decided to go in, since what I see is a cup and handle of enormous proportions. Time will tell - have a look at LTCBTC pair linked below...
On weekly timeframe we can see a double TOP near the 350 resistance zone (highest level since December of 2017). After price reached this zone went back down to our 0.786 fib zone and then went up to our 0.5 fib zone.
We can see that the same thing is going on right now, however this time price found support on 0.786 and on 100EMA at the same time.
Until LTCEUR doesn't cross the white resistance line, we are bearish. The general daily trend is downwards too. The next important levels are shown in green.
-- For educational purposes only. Do your own research before making investment decisions.