Update from yesterday's post, price still currently floating between these two ranges
I'm still long on my position, just pushed my stop loss up
1st target $48.58
2nd target $50 (psychological resistance)
Price is completely dependent on BTC price, if BTC touches $9950 then we could see the TP targets hit on LTC
Thank you for all your continued support !! I...
Hi guys! Support level $ 46.5 holds Litecoin well. An asset often makes strong slippages down. Which also allows you to often go into it at good prices. I suppose correction with the continuation of the growing trend.
The following is an update from my previous Litecoin chart published on 02/09/2020. It appears that LTCUSD may need more time, and the current price triangle is somewhat bigger than initially thought. Using a pitchfork, we get a slightly modified scenario. Please keep in mind this is not meant to be an exact price / timing prediction...it's to show us a potential...
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Litecoin recently finished wave 1 and it is tracing an ABC correction, which is now in leg C. This correction target should reach the range between 45 and 44.20, before the trend continues in wave 3 up. If price crosses 51.20, before reaching the correction target, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
If we flip 49$ on daily with volume. I think we go to 68$ (multi-year resistance trandline).
Hopefully, BTC remains rangebound to allow LTC to make a move. Which I think it would
A good Risk :Reward trade with tight stop loss IMO. Not financial advice.
things to note:
-macd seperation=bullish, macd convergence=bearish (from this point in time)
-need stronger volume.... if low volume and price stagnates or drifts down, will need to set a stop loss if it doesnt pop up soon
-a convincing break on red line (projected 25 ma) with decent volume will indicate a bearish trend
-HOWEVER if it can stay above, we can see...
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LTCUSD 16hour: SHORT sell any RIPS 20-30% selloff(NEW)
You can wait to enter long in support level.
Profit Target 1 : 5%
Profit Target 2 : 10%
for short term you can take a short trade now to gain a 5 % Profit but it will be risky! So better wait to enter long!
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 $.