And we are waiting that price can break upside of range and LTCUSD can go up to resistance level (45.500). But if price will break support level (43.850), we can open short and our target will be point (42.500).
LTCUSDT forming global reversal pattern - falling wedge
We are near the resistance line of the wedge, also you can see MA 200.
If we break these resistances we will reach 63$ per coin
Best regards EXCAVO
Fibonacci traders try to grasp the ''pulse'' or ''bandwidth'' of the waves in a movement.
I noticed the above just goofing around, and wanted to put it out there before I forgot about it.
Will update with more thoughts and examples of Fibs once this crash is over :)
Update from previous LTC post, Litecoin closed over $41.77 support so I market bought like I said.
Litecoin even gained this trendline which is additional LONG confirmation.
1st TP 46.42
2nd TP 48.58
It does look like it could hover down a bit in price, but again this is a 1h timeframe, it's looking amazing from a 4h.
45 will be break soon because we have high convergence, macd histogram is green and cmf is more than 0, ichimoko cloud is lower than price and ma's are supporting price and also we had ma cross over.
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Take care, trade safe
Hi guys! The strong fall of Bitcoin attracted many coins. Including Litecoin. Support level $ 45.5 kept the price. Though with slippage. We broke through the level of $ 46.5. If we fix on it, then we will go to 47.5 - 48 $.
The previous analysis worked out very nicely but this time there are much more uncertainties in the market. On the lower time frame if looks like LTC broke a small support line which looks like a H&S, but these are not reliable. Of course depending on what Bitcoin and Tether will do, i think the price might move in to the green zone and could slowly turn up again....
From my last idea about COINBASE:LTCUSD on the weekly:
"Personally, I feel this a valid time to accumulate given the very bullish news around crypto and blockchain technology in general in the last few days. I plan to hold for a while as the ratio is very low vs. BTC , see: COINBASE:LTCBTC . I'm a very firm bull on COINBASE:BTCUSD but also believe that LTC is...
COINBASE:LTCUSD Has had an interesting 2019 already having a 7x move from ~20 to ~140. Now at ~60 there appears to be another momentum change approaching on the weekly chart.
First notice that the forecasted MAs suggest a 50 over 100 weekly crossover sometime at the end of the year. This would follow a forecasted crossover for COINBASE:BTCUSD with the...