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My projection is 4,000.
On weekly we are in the wave 5, target is 1,618 length of wave 4 (left side fibo).
Daily move - wave (iii) of 5, fibo proportions indicate the same target price level.
Hello, dear friends!♥️
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Today I will be glad to take your attention to the coin, which still didn’t "shoot" into this bull run!
Let's take a look at chart on different time frame and try to see what we can expect from Litecoin in the near future, in the medium term and longer?😉
What's our prospects? What's the best to do...
We see a symmetrical triangle on Litecoin. The price responds beautifully to the S / R zone and together with the lower edge of the triangle creates a suitable place for speculation for the growth of the LTC / USD pair.
Alex, UCT team wishes you nice trading.
The only reason that anyone invests in LTC is to have a kind of leveraged play on BTC , with the hopes of one day it outperforming BTC for a while. Since we might be entering another bear market in crypto and LTC did't do what it was suppose to, which is to pump vs BTC for a few months i suspect that next cycle we might have a potential dead coin on our hands. The...
Litecoin has dumped with the rest of the crypto market. It has made a run for lows, testing $147. The Kovach OBV is still very bearish but we still have a green triangle on the KRI indicating support. The next level of support is $141, if current levels do not hold. The $160's remain a significant barrier for LTC if it can muster the momentum for a breakout.
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LITECOIN is retesting a key level
And the short trade looks natural in these conditions
With the target being the low
Of the previous Bearish movement
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Retest of 168 on low demand can be a good eventual sell entry.. Would not look for any serious buy positions unless we see a break of the 168-175 area.
Supply has been so present for the last 3 days that a break under 150-145. and maintains under it would make me aim at 125 as well.
Fibonacci traders try to grasp the ''pulse'' or ''bandwidth'' of the waves in a movement.
I noticed the above just goofing around, and wanted to put it out there before I forgot about it.
Will update with more thoughts and examples of Fibs once this crash is over :)
Been a while since I posted about Litecoin. Expect price to get rejected at the Daily 20 moving average.
Here's he setup:
Sep 24th, Friday - LTC looks bullish and reaches 174
Sep 25th, Saturday - Crash begins
Early October - LTC completes 60% correction to 69
If you look closely, you will see that Litecoin really likes to print the classic 'w' pattern towards the tail-end of Q3. 3 out of the last 4 years it has done just that.
This pattern is shaping up to look a lot like where we were back in 2017.
Q4 should be interesting this year...
(not financial advice ;)