Price bounced off our first support (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is approaching support as well where we might see a corresponding bounce in price.
Trading CFDs on...
LTC is digital silver to BTC's digital gold. The Litecoin project is one of the original's of the crypto movement, the team and investors are well connected. This project has worldwide adoption similar to BTC. The mechanics of both these crypto assets are essentially the same, with one major difference. The blocks are written 4 times faster, and the supply is 4...
Chikun ran fast hard ahead of the rest of her fam.
Ever since then, she has to be DRAGGED to parties.
Even when the King runs, Chikun remains unsure.
Above are two different Impulses that made the retrace.
The Baby Impulse just above was breached but not held.
The Boss Impulse is still waiting up top with some BFG's.
Worrisome is the Un-retraced Candle below,...
Alright, litecoin please hurry up and dump so I can swing long&chill
Any of the green boxes will be great entries.
It is all dependent on bitcoin of course. Too many options? how to trade this? You can long the first lower box on light capital with a wide stop and then add heavier as each new lower box gets met OR you can just chill and wait to see which box it...
I predict that LTC will bounce around $86 and then hit the moon around $175. Given volume , sentiment, and history, I find this to be a very reasonable expectation. If LTC retests the $95-$100 zone but cannot break $110 then I expect a retrace back to the $55-$60 area. I am currently loading bags @ $86.
Most traders are prone to hating the accumulation phase of a market because there is no clear sign which way the market will go. If you look at any market which is related to currencies, the accumulation phase is the best time to buy or sell. Sideways price tells me one thing - " buyers and sellers are equal". Now at this point, you might be thinking, "well, that...
See what the situation is! The undefined entry point to this transaction therefore remains to monitor this pair and determine the entry point from the other situation. If something changes, I will post it.
On the long term I see a Cup and handle formation on Week chart.
This is for education purposes only, I am not a advisory nor should this be taken as advice. Just tossing my thoughts out. The past has shown great growth over time.
Litecoins range within this triangle & each respective triangle slope & the median line in this pitchfork is narrowing.
Break through the upper triangle slope targets the upper slope in the pitchfork
Break through the median line in pitchfork and we target the lower slope of the triangle
LOOKING THIS CHART I FEEL A BIT BEARISH IN THE SHORT TERM.
OF COURSE DEPENDS ON BITCOIN'S MOOD...
FIRST TARGET $80
LET'S SEE WHAT HAPPENS ON SUPPORT (BLUE TRENDLINE)
STOP LOSS AROUND $93
STAY TUNED FOR NEWS
NOT FINANCIAL ADVISE
JUST MY CHARTS AND MY TRADES
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