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the price formed a double bottom and made a breakout of horizontal resistance of the pattern. now we can take a long position if the price will retrace from the horizontal level.
but if we see a confirmed breakout that means the price will go down
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Horizontal support acted well and now we got a falling wedge breakout. It should lead the price to test 83.30$ horizontal resistance at least.
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Not a...
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For further growth above $ 84.71 buyers need to fix the price above the support level of $ 77.77.
If the price is fixed below the support level of $ 77.77, then the price will drop to $ 71.56.
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Also, don't...
Just like usual, Litecoin is leading the crypto market in terms of price going up.
The next price target is $83.43 which was the previous swing-high of the last move it made up. The close over the $77 support level was huge and now I think Litecoin will hold that and continue it's streak upwards easily.
After the $83.43 target the next one is the monthly...
Hi guys!
I think LTC looks good for short. Take short in supply zone.
Stop - 82.50
Take profit in buy zone in chart or earlier. Will look for situation.
Trade in profit.
I made 72% profit from the last rally since Jan.2020 . Today I wake up and see the bullish sign (entry signal) from my chart, confirmation indicators show bullish, if price stay above 20EMA, I will put 1/3 of my position size in it, the rest of it depends on the price action in the next few days.
Another bullish sign about LTC is the hidden bullish divergence. I...
Ticker: LTC/USD
Position:
- Long 15X LTC
- Buy up to $82.00
- Exit = 2 closes below weekly 21 ema
- Initial target = $100
- Will look to sell a portion of the position when possible to make this a riskless trade (will consider this at 33% gain)
Rationale:
- Bullish moving average cross over
- Bullish MACD cross over is occurring
- Trend has shifted to...
My first analysis as a kid. Small, but it might be time to buy LTC short-term soon. Any advice I will gladly take. Looks to be that support line rises by a few points but points will go down per share.
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The price fixed on the support trendline of the ascending channel. Huge wick on the bullish candle signals there is a strong support zone underneath.
Scenario is playing
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we completed two targets on the upward wave. now the price is close to the resistance trendline of the descending channel and we can take a long position only if price makes a breakout.
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Make your own analysis before you trade this idea!
