Based on the 2017 cycle, if we were to have a similar move, Target 1 seems like a lock. However, if things go ballistic, and this is crypto after all, then there is NOTHIN suggesting $LTC can't reach for the stars and pull a Full 4.236 Fib Extension and head towards $1700. :o)
Bitcoin is gunning for new highs, but Litecoin does not seem convinced. It is currently consolidating just above our level at $184. There is a bullish divergence in the Kovach OBV so watch for a breakout soon. If so, we must clear $191 to make new relative highs. The next target after that is $195, the last level in the $100 handle. We will find support at...
To me, it looks like $LTC is in the process of playing out a double top formation.
From here, we're likely in a short term bullish position with potential to reach the upper targets at $259 or $343, and potentially even the top range at $412. However, after that, if we reject there, it sets up the possibility to hit the lower target at $66.84 (or at an extreme...
Litecoin has displayed near perfect symmetry over the last 3 years which ended in May. A complete cycle played out like a paper folded in half. It is now in uncharted territory and breaking through legacy resistances made over this previous cycle. Currently knocking on the door of the 200DMA. Do what you will with this information....
If 2017 proves as any guide, Litcoin is a lock for Target 1, BUT if things get really wild (and this is crypto after all), then I do not see anything stopping it from reaching out to its FULL 4.236 Fib extension around $1700. Buckle Up!
Chart looks good for a 20%ish swing trade (long) on Litecoin against USD. LTC-BTC is basically at all time low, and this goes in favor of this trade as even a minor bounce on ltc-btc could yield a decent pump on ltc-usd. Especially if Bitcoin stays bullish against USD.
Keeping my eyes open as Bitcoin looks like it's about to turn around and get into a steep...
Litecoin got a lift to higher levels, facing resistance at $191. We saw great support just above $174, confirmed by several green triangles on the KRI. The Kovach OBV is rising, suggesting momentum may be coming back. To contiune, we must definitively break $191, then $195. These are the last levels in the $100 handle. Then we will be clear to see $200's again.
LTC Litecoin has been on an uptrend now since late Sept. It is coming to a head at the end of a resistance triangle. The area coming up could host potential breakouts. Minor resistance at 195. Major resistance at 233.
- Classic bearish setup
- Our team expects bearish continuation
Entry Point - 183.711
Stop Loss - 212.386
Take Profit - 140.623
Our Risk - 1%
Please, support our analysis with like and comment!
❤️ Please, support our work with like & comment! ❤️
- If we take a look at the chart, we can definitely spot an ascending triangle .
- We have very important double top resistance right at the ALL TIME HIGH level.
- Litecoin (rank 15) is prepared for a huge pump!
- We need litecoin, because bitcoin transactions are very expensive.
- That's why everybody uses litecoin at this moment. (Paypal, ATM machines etc..)...
Hello my friends!
Why is Litecoin a good addition to Bitcoin? Litecoin has Lightning for instant transfer and Atomic Swaps for cross-blockchain trading. Litecoin is a pure cryptocurrency like Bitcoin. It was created based on the Bitcoin protocol. It has a low block time and low transaction fees. Litecoin is one of the most widely accepted cryptocurrencies,...
Sometimes I'm shocked seeing sell ranges, but at the end of the day - it's just numbers... Imagine telling someone once Litecoin is at $3 that it will do over 100x within the next few months... You would be laughed at. Now look at the price from the beginning of 2017 - seeing possibility of c. $3k looks like a matter of time. To good to be true - let's see how...
Hi Everyone! Don't Stop The Party!!! World Wide... Yeah... Red RSI in the 4-Day is about to go above Level 50 to trigger upward pressure. 12-hour and 24-hour show the Red RSI has already crossed above Level 50. Which means upward pressure continues until the White Energy in those time frames come down to Level 50. ALSO: When the Red RSI -AND- the Blue LSMA...