Hi friends! Welcome to this update analysis on Litecoin! Let's get right to it! Looking at the weekly chart, we can see that there are a lot of really interesting things going on with LTC right now. Some of them are good, and others are not so good.
First, I would like to draw your attention to the large POTENTIAL uptrend channel in blue. Now, I know that it...
broke out of channel but formed a broadening falling wedge. A lot of mini pumps, but not impressed, still in the same trading range since the 16th. this trading range formed a bear a pennant. Bolinger bands getting tight. Longing here is inadvisable. Potential to drop to $49 very likely. Potential target $45, bear pennant target.
Just like every other coin, Litecoin has been in accumulation since it's runup in June. Now it looks like this week Monday Litecoin should break out the downtrend and start moving up.
Right now the price is suppressed in between the 4H hold and the downtrend, with not much wiggle room. This next week we might even still be accumulating, and will be ready to move...
The arrow indicates the initial movement, now you can see how the price is fighting against resistance, which signals a possible increase.
I see the outcome of one of the situations:
1. Breakdown of the red lines, which is 70% possible.
MA move more hollow, which only gives confidence on the growth of value.
2. Price reduction to 48-43, after retest to the level of 50-55.
LTC's current position, which is the lightest among bitcoin-based coins, is near its price before falling sharply.
Ichimoku's baseline falls and is near its price range.
If the price touches the baseline and sees an increase, a split buy is possible from that baseline.
A full buy point is possible when the price rises below 49.022.
LTCs in the second group,...
Litecoin is at a crucial price level currently, that we had in 2018 already, and which could decide over life or death. Have fun watching! ;)
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So history looks to be repeated in that LTCUSD leads BTCUSD in the bear and bull runs this year and into next year. It is a long HULL to recovery for LTCUSD over the next few months and can we expect the timing as given in the chart above or will we be getting "NO LOVE" from Satoshi Lite?
Will LTCUSD be "ON FIRE" pre-BTC halving? I think we all expect some bump...
LTCUSD - $17 is highly possible with the rate it's currently going down. Making new lows and breaking supports one at a time.
A possible $65 is on the chart but I see it going to $17 ultimately.
Comment below what do you think about this pair.
The last wave “v” continues to form as part of the ending diagonal (c) of . Look for the wave of "3" in the senior degrees here (look update from June, 1 in my telegram channel).
I closed my online sales a few days ago, I’m looking for purchases, but I don’t see an opportunity for them, yet. The uptrend will begin to receive confirmation after breakdowns of...