Very similar to brothers BTC & ETH, LTC is currently inside a beautiful Equilibrium range & will see a breakout coming, highly depend on BTC's move.
The ranges to the upside are very clear in LTC case, where we have clear previous S&R zones coming up.
To the downside, we have the very interesting 60 Dollar range, where we had seen the 60% breakout in April up...
I saw that about every 200days we saw a major change in LTC top to bottom or bottom to top.
I plotted them and then projected it over the a Bullish cup and handle formation. There are huge bumps at some points mainly winter 2017. But I feel there are outside sources effecting the market at those points IE " market manipulation..". Like this year, 2019 we will...
Possible H&S forming on LTCUSD pair if you don't consider the last little 'surge' as the second shoulder.
This means LTC is at a interesting price point to buy in with a tight SL to try and catch the shoulder up to the neckline around $98.
The support in case we drop down the support will be around $51 as the chart shows. Another support for this H&S claim is...
LTC continues to slide from its $146 peak (which I had predicted).
The "Halvening" was the previous driving force and is now relaxing.
There is a fib confluence at $64.82 - 64.88 that should bounce it.
The Green fib lines are of the Impulse up from bottom at $20.
The Purple fib lines are of the Impulse down from $146 peak.
Purple 9.618 should end the wave, with...
On the 1D chart, Litecoin prediction is about to become bullish as the blue line of the MACD indicator crossing the red one. Such a movement indicates the upcoming trend change. In this regard, LTC might test the upper boundary of the channel at the level of $85. However, trading volume needs to be high to maintain the bullish mood.
Big H&S Pattern on LTC/USD. Neckline already broke. Good entry for a Short would be a failed test of the neckline.
Very similar Pattern on BTC/USD, but the neckline is still holding there. Maybe it follows LTC on the way down?