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Hi friends! Welcome to this update analysis on Litecoin! Before we get into the chart, I have to admit that I don't always look at the logorhythmic scale, unless I'm trying to assess the long-term view of an asset from another angle. With that said, I've been reviewing the Litecoin log chart, and I've noticed some interesting similarities to the current price ...
LTCUSD is approaching our first support at 48.54 (horizontal swing low support, 100%, 61.8%, Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 51.36 (horizontal swing high resistance).
Stochastic (21,5,3) is approaching our support and seeing a bullish divergence where we might see a corresponding ...
As many alts, the Litecoin is trading on a 5H Triangle (Williams = -50.825, Highs/Lows = 0.0000) but within a 1D Falling Wedge (RSI = 42.258, MACD = -1.002, Highs/Lows = -0.9614, B/BP = -3.5500). This indicates that the bottom of this bear cycle hasn't been priced yet and is most likely within 40.285 and 33.195 (Sept 15, 2017 contact point). Only a break above the ...
Setup i'm looking at. Hoping for another wick down and reversal up.
As you can see we are still on a bearish trend.
No clear reversal indication.
I would wait until price rises above 51.40 to consider entering a trade.
Again, confirm renko trend up with at least 2 bricks. Brick size .74
Look at Awesome Indicator too. You should look for it crossing the 0 line on the way up. You may buy before it crosses but trend must be towards ...
Watch the pivot for a breakout in alts... The pivot break should coincide with ETH $213.
The key levels to hold are
Get ready for a small breakthrough. Much depends on the strength of the impulse, everything of course can end on the first goal, but if possible I will show changes
If you want more info go in our platform:
H4 - Price is at the middle of the channel. It broke below the significant level and retested it.
H1 - Price is moving inside a triangle pattern, if we get a valid breakout below the bottom of this triangle, we may then start looking for sells with more bearish evidences.
If you want to be more conservative then wait for the price to break below the 50.50 zone, ...
only watching it maybe be a good zone to buy or wait for rsi pull or bounce again on signal 30...
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot ...
Ltc in big time frame is gooing up and down inside the wedge channel till a big move as BTC.
At this time frame is forming bear flag. target is around 0.47-0.48 a confluence of 1-1 retracement and 0.618 extension, and big resistence from the high time frame wedge channel.
There is no momentum movement for possible uptrend.
Litecoin cost was seen holding exchanging broadly level through the mid portion of Monday's session.
Hi friends! Welcome to this update analysis on Litecoin! Looking at the daily LTC chart, you can see that Litecoin is trapped between two support and resistance levels. Just above the current price action, we have the 50 EMA (in orange) which has suppressed the price of LTC since May. Just below, we have a long lasting support level at $50, which originated in May ...
Trying to practice TA.
Chart contains short term and longer term R/S lines.
Please critique if you want. I am trying to learn.
Wanted to post this because TradingView will show future data so I can see how it panned out :)
Comment: (would be cool if you could have the option to zoom in or out after the idea is posted)
LTCUSD is approaching our first support at 49.28 (horizontal overlap support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 51.50 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (21,5,3) is approaching our ...
Still looking for an entry. No confirmations of trend change yet.
Most movement has been lateral. You can see that in the Renko chart.
RSI is on a down trend
Updated Renko brick size to 0.72 using ATR 14.
LTC is still bearish. We need to confirm trend change before entering the trade.
Volume shows support around 48.38 which coincides with Fib at 48.25. If support ...
Litecoin has been a strange one the past week. Going from a bear trap to a bull trap a few days ago. The upside breakout looked quite solid, volume was on the low side so i knew there was some risk, but it was not that bad to see it drop all the way to 50.
We have just tested that former support level again and so far we got a bounce and are above the danger zone ...
I'm looking at this short trade as we continue to trade below the EMA50. Some very interesting market structure here, and we can see a potential breakdown of this descending triangle. However, we need to be careful as we have a very strong support level (major 0.88 fibo) just below the breakout level.
***This is not investment advice and is simply ...