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
$LTC / $USD
Descending trendline breakout following with Buy UCTS signal flashing on the daily chart as we hit ~77$ resistance matching EMA50(green)
Zooming in: continuation from here is key but will only happen if we can flip current level
If Happens, aiming for ~84$
LTCUSD reversed off its resistance at 79.66 where it could potentially drop further to 62.75.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Two months and a half ago, Litecoin was hovering in the vicinity of $147 a coin. The bulls seemed unstoppable after lifting the price by over 560% in six months. Unfortunately, an invisible threat was brewing under the surface.
According to the Wave Principle, a five-wave pattern, called an impulse, indicates the direction of the larger trend. As the Daily chart...
First of all oscillator, Oversold
Second of all EMAs :) Uptrend
Third: Channel: it may come down a little and hit the bottom, also 50 and 61.8 Fibonacci levels,
4th: Yellow resistance box that became to support
That is about all :) if you have any comment or ideas, i'll be happy to read it
The past few weeks might have presented the only chances left to enter into the ALT coins before a major retrace back up to resistance levels. If you take a moment to analyze each move, there have been some major spikes up throughout the years - with equally impressive drops. The 94% crash might have just been a major correction back to fair value until an...
Good morning all!
Leave a like and comment!
LTC might need one more drop here before rising up. BTC and LTC price development are almost exactly the same at the moment. XRP has already made the lower low with bullish divergence signals. Will the other coins be following XRP?
For more detail about these signals check out my recent posts about XRP and BTC!
As expected a month ago (look update from August, 19 in my telegram channel), the litecoin completed the ending diagonal in the wave (c) of and rushed up. The only downside is that the structure of this upward movement so far raises a lot of questions and does not look pretty at all.
On the other hand, the critical levels are clear, targets too. You can trade =)...