Waiting the finish of this corrective phase to purchase again.
Is this a second impulse wave. I expect a drop to 0.61 to 0.7... . If this will be true, so i will buy it, running the third wave.
$LTC is currently underperforming as it trading below EMA8 and almost on EMA200 on the 4H. Unless it flips the EMA8 into support and bounces back to test EUR 172 again , things could turn ugly.
WAVE C will bring price around 88-100 level in coming week
This idea predicts Litecoin/Eur price for next days (beginning of March).
50% fib retracement at 119.30 Euro could be a major resistance level and buying opportunity
Last trade with ADA gave us 350% to the top. Next we are betting on LTC to climb to the top with over 100% profit potential. A few reasons why I like this trade: - Nice bounce to a strong level/zone with 3 huge touches - Further support from demand line of upward channel - Compared to BTC, LTC's price is at a 3-4 year low point and shows trend reversal signs. LTC...
RSI is only an adjunct to volume. It is not needed. However after getting a grasp on supply and demand trading or Wyckoffs accumulation versus distribution concepts RSI can be very useful. I use it as a personal backstop and situational awareness tool. RSI here us set to 7 versus 14. The overbought and oversold are re-designated to the Supply and demand lines....
Hello everybody, LTC TA this time, beceause i Think ATH is a consistent coin, with some good profit. If he hits resitance and not braking, he will fall back to the support, and then climb up. if he brakes he goes to 148.10. So i hope he don't brake, fall back to support, then buy, and then climbing up to resitance around 137.2, beceause it this way profit is the...
If the RSI break below the rising channel on the 4hr chart, the price will dip for a while. If it remains within the rising channel, it will go up but I don't expect it to pump.
As the rising (cloned) channels indicate, we are being rejected at the same price at Fib 0.382.
Still new to Trading, but I decided to share it with you tho it's not even close with details like the Pro Traders do here. I just applied simple patterns and trend lines that I have learned in the last couple of days.