LTC has been leading the market with small and shallow retracements since Jan 2019. What is that screaming? A wave 3 push.
Forecast:
Short Term: waiting for a retracement and complex wave 4 correction before pushing higher. Long Term, the completion of wave 5 which should take us to the 0.5 fib level (around 160) of the Y...
Hi guys, welcome to this fresh LTC analysis! As we're still trading in the range I indicated some days ago, I do not have to say a lot more. However, some interesting stuff is developing that I want to point out to you guys. Please leave a like if you want more of these analyses:).
So as we can see, since the last big dump I indicated in my previous analysis...
The halvening countdown is estimating our drop to 12.5 reward coins will happen the first week in August!!
Price action is likely to be volatile as excitement and curiosity for this event grows! This halving precedes the Bitcoin Halving by short of a year, and LTC bull run could spark the BTC demand as well.
So far, there is not much difference in numbers between buyers and sellers.
But everything is fixable. It will be flat, since there is not a big difference in volume.
Total books: $27,179,080.94 (-1.35%)
Global Bids: $12,862,728.77 (-10.25%)
Global Asks: $14,316,352.18 (+6.63%)
24hr Volume: $620,075,773.72 (+25.081%)
I think the graph pretty much speaks for itself and I dont like repeating pattern ideas when the picture clearly says a thousand words.... Either have faith and buy now or wish you had at 120+ and maybe short the fall and risk getting rekd on another Bull slam as LTC has taken the market by storm this year as arguably the winning stable crypto to emerge this...
Litecoin looks to be coming to a decision point within the next 24 - 48 hours. Keep it on watch.
- Bullish RSI
- Bullish OBV
- Holding 200MA on 4 hour.
- Been leading the market for breakouts.
Lot's of negativity going around crypto b/c of the price. I guess people just assume when something goes down in value it is no longer legit or is a scam. While there are plenty of scams in the crypto markets Litecoin is certainly not one of them. When you buy Litecoin you are investing in a decentralized network that does not try to replace Bitcoin but instead...
LTCUSD
Deal for 1 month for (45 %)
Bitfinex Bids $5,524,121.25 Asks $6,518,083.31
If you trade with leverage, determine the entry point or watch me, I will update if the situation changes.
I keep my hand on the pulse, put a pending order at a price of 77
Chikun lead the way early in bull run but has been tired for some time now.
With Bitcoin pulling back hard, LTC got the excuse to come back to ground.
Now approaching critical support around 75, with strong confluence of fibs.
If 75 fails, then I will re-plot based on the momentum that breaks it.
Conclusion for today’s Litecoin Price Analysis:
Litecoin price analysis for today is presented on an intraday timeframe (1 hour) with the main purpose of exploring the current chart pattern(s) under formation. Coverage of price action is from April 02, 2019 to current date.
Breakout from a region of consolidation saw the price of Litecoin make a move from...
Litecoin is attempting to recover above the $80.00 level on Friday as the entire cryptocurrency market remains well supported. The four-hour time frame is showing a descending triangle pattern that will decide the next directional move for the LTCUSD pair. A bullish breakout will take the LTCUSD towards the $120.00 level, while a bearish breakout may take the...
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