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...
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.
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.
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....
- Classic bearish setup
- Our team expects bearish continuation
Entry Point - 183.711
Stop Loss - 212.386
Take Profit - 140.623
Our Risk - 1%
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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...
Litecoin has rallied to the $190's, but has sharply retraced back to safety in the lower $180's. We broke through support at $184, but have held strong above $174. We are seeing some green triangles on the KRI at these lower levels suggesting support. If these lower levels don't hold, we can definitely expect support from $174 or $169. We must break through...
- 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 traders meanwhile the fx is not bringing retracements to take trades with the trend I'm currently observing longterm trades , as you can see we reach an important area of demand , price reversed at the 0.618 level and now it's about to eventually push high. let me know in the comment section what is your point of view
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,...
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...