WAS LTC'S RECENT UPTREND AT THE .705 GOLDEN RATIO THE REVERSAL AND $100 HERE WE COME... OR WILL WE HAVE TO WAIT FOR A BOUNCE OFF THE .786 FIB AND THE LOWER GANN TIME LINE AT $50 TO GO LONG?
HAVE YOUR SAY IN THE COMMENTS BELOW!
Litecoin did both: a fake breakout and a correctional touch of support zone, now it's only a matter of time when LTC will fly up to complete an inverse head and shoulders. After that the price will finally be free to pump above $100. The targets are on the chart.
FREE ANALYSIS ON LTCUSD
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Expecting price to test the $82 mark soon.
ATM expecting bearsto keep pressure on, 1st testing the $71 zone
More bulls should react to this and we will see more longs back in the market. We...
LTC looks Bullish but this may Possibly be a Bearish move down to 69 and 66.
I could be incorrect, but I'm sure this current Patten is a Bearish 3 drives Reversal play to move lower, and not a Bullish move to go higher .
Good morning all!
lower high and higher low for LTC. Negative momentum is either running out or resetting. Watch for potential trend shift with this! Upper target it $84-$85. A rejection would re test the previous low near $73.
It looks like Litecoin too is poised to breakout by the end of the year. Looks like the MACD is showing a slowing of bear trends and will start heading upward with the rest of the crypto market.
If 2017 repeats, we will see at least the top 20 alt-coins breaking out with bitcoin. There are much higher returns for those investing a few thousand dollars in an alt...
LTC is accumulating a relatively good volume of trading.
Right now it is in an upward movement that allows us to buy reasonable quantities and make some gains.
I will enter the current value and consider making a partial exit at 85.00. The second departure will be at 92.00.
For SL I will use the bottom upline, ie 68.00.
So if you take the Fibonacci extension from the December low of around $20 to the high of June at around 140s to the current pullback at the .618 level of $63s, you will have a nice run up into the end of the year to around the 1.618 extension around the $250 LTC/USD per coin.
Good luck and happy trading!
LTCUSD is well analyzed by levels although it often makes false breakouts.
Now the price is moving towards a strong support level of 71.7, from which I recommend buying LTC with a target to the resistance level of 76.85