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The price retraced from support and we see higher highs. You can take long position if the price break its resistance
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Do not trade this idea before you make your own analysis!
Plan : wait for prices to bounce off trendline / horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!!...
Litecoin broke some major supports and there's not much below now. It may have a weak rally to 52$-55$ following Bitcoin's bounce to 8200, that's where it faces a lot of selling pressure and falls like a dead bird to ...... 26$... 17$... then... 6$ then hopefully, 0.6$, which i still think is quite overpriced for this shitty shit-coin.
Hi there traders. I wanned to post just some of my ideas on trades here.
we can see some bullish divergence playing out on Oscilators, but I still would be waiting on a brake and close above 45,- USD before placing any trades.
THX to all for liking and sharing my ideas and for the support.
Be carful listening to random posts on buy or shorting this right now. The truth is that there is no clear edge in either direction right now, so STAY AWAY!
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Looking corrective across the market. Very high probability of breaking to the downside. LTC in particular needs to finish its structure still, then 3 wave correction to the upside.
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Plan B from previous idea worked greatly and hit the Target. Currently the channel is broken and support turned into resistance. You can take a short position when price reject from resistance.
Please follow the Trading View Profile to support my work
Please do not trade this idea before you make your...
We can clearly see that LTC keeps moving in downside trend and the next possible support areas are 40 and 30 where it may trade sideways for a while.
I'm short on LTC at this moment and my short leverage order set on Bitseven platform.
Past 2 days this market has been more difficult to predict because volumes have dropped completely. The bearish wedge i posted on Bitcoin few days ago played out, made the first push down, broke the 7400 support but has been indecisive since. Usually since it didn't drop straight away to the wedge target, it's a sign that it wan't to do a retest of the resistance...
Here is some potential trade setups about Litecoin foxt the next days ....
I will update following this analysis , so follow to get the notifications of potential trades entries :)
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