Interesting area, Hit the fib at the golden area and turned around. We suggest not entering now, next target is near 11%. Ultimately depends on the situation with Bitcoin and dominance.
WAS LTC'S RECENT UPTREND AT THE .705 GOLDEN RATIO THE REVERSAL AND $100 HERE WE COME... OR WILL WE HAVE TO WAIT FOR A BOUNCE OFF THE .786 FIB AND THE LOWER GANN TIME LINE AT $50 TO GO LONG?
HAVE YOUR SAY IN THE COMMENTS BELOW!
Litecoin did both: a fake breakout and a correctional touch of support zone, now it's only a matter of time when LTC will fly up to complete an inverse head and shoulders. After that the price will finally be free to pump above $100. The targets are on the chart.
FREE ANALYSIS ON LTCUSD
Welcome to SiriusTrading, Check out my Free #analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE :)
-
4HR CHART
Expecting price to test the $82 mark soon.
ATM expecting bearsto keep pressure on, 1st testing the $71 zone
More bulls should react to this and we will see more longs back in the market. We...
LTC looks Bullish but this may Possibly be a Bearish move down to 69 and 66.
I could be incorrect, but I'm sure this current Patten is a Bearish 3 drives Reversal play to move lower, and not a Bullish move to go higher .
Good morning all!
lower high and higher low for LTC. Negative momentum is either running out or resetting. Watch for potential trend shift with this! Upper target it $84-$85. A rejection would re test the previous low near $73.
It looks like Litecoin too is poised to breakout by the end of the year. Looks like the MACD is showing a slowing of bear trends and will start heading upward with the rest of the crypto market.
If 2017 repeats, we will see at least the top 20 alt-coins breaking out with bitcoin. There are much higher returns for those investing a few thousand dollars in an alt...
LTC is accumulating a relatively good volume of trading.
Right now it is in an upward movement that allows us to buy reasonable quantities and make some gains.
I will enter the current value and consider making a partial exit at 85.00. The second departure will be at 92.00.
For SL I will use the bottom upline, ie 68.00.
Would like to see Litecoin have a weekly close above $83 to turn the current resistance into support... if this doesn't happen, could see a move down to ~$72 before trying again
So if you take the Fibonacci extension from the December low of around $20 to the high of June at around 140s to the current pullback at the .618 level of $63s, you will have a nice run up into the end of the year to around the 1.618 extension around the $250 LTC/USD per coin.
Good luck and happy trading!
Hello Friends!
LTCUSD is well analyzed by levels although it often makes false breakouts.
Now the price is moving towards a strong support level of 71.7, from which I recommend buying LTC with a target to the resistance level of 76.85
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
