Hi friends! Welcome to this update analysis for Litecoin! Looking at the four hour chart, we can see that LTC continues to print critical failure after critical failure. Starting with the daily 50 EMA (in orange) we can see that price failed to get above it on multiple occasions. When we did get above the daily 50 EMA, we never held it continuously to confirm it ...
LTCUSD is approaching our first resistance at 32.06 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 30.27 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic (21,5,3) is also approaching ...
I think we might get a small pump, but more likely to drift sideways and down until we get some serious good news or happenings in the cryptoverse.
Or a global banking crisis wouldn't hurt either.
A lot going on in the chart but here's what to expect over the coming months.
As compared to the timeline from Nov '14 - Jul '15, Litecoin is in the midst of a double bottom "W" pattern. I believe we may see a move upwards to $38-$40 before we head towards another low of ~$22-$20. Once we hit this low, we should see a nice rebound. This is ...
EN: 31.00 or your current price
SL: LOWER THAN 29.80
Please open 4 trades on LTCUSD with the same entry and SL at the same time .
Those 4 targets are used for each of those 4 trades.
And please made 1/2 size on trade 1 with target 1
1/4 size for trade 2 with target 2
1/8 size for trade 3 with target 3
1/8 size for ...
LTCUSD is approaching our first support at 26.25 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 32.96 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is approaching support where we might see a ...
Hi friends! Welcome to this update analysis on Litecoin! Let's get right to it! Looking at the four hour chart, you can see that LTC is in a downtrend channel (in blue.) Price has clearly been rejected on multiple occasions at the top of the channel. Also, we can see that it is having some trouble with the 20 EMA (in orange.) Given this apparent weakness and ...
After a failed rally above the resistance at 32.96 we will most likely see another test in the coming hours. Currently it looks like Stock RSI is rolling over which is a bearish indicator. So If it is rejected again, which I believe it will be then we will look for support at the 50 EMA and possibly move sideways for a few more days. Failing there will lead to a ...
Hi friends! Welcome to this update analysis on Litecoin! Let's get right to it! Looking at the daily chart, we can see that after the last analysis, LTC fell 9.5%, from 32.60 to 29.51. Since yesterday's low, we can see that LTC has rallied back to the 32 area. Now, before we get bullish, and think that the bottom is in, we have to assess the data on the chart. ...
Buy Price: Green Zone
SL: Below Red Zone
Profit: Blue Zones
Invest Suggestion: 10 Percent
Profit Expectations: 50 Percent
All technicall indicators of LTC are turning good, soon the EMA 13 will cross the others EMA's ( The Privot Reversal Strategy is indicating this reversal tendency ans an entry on this level right now).
Besides, we have great news about ...
Hi guys, I am just giving you a quick analysis on LTC as many are still wondering why the rally stopped after breakout of inverted head and shoulders. The reason is simple - both weekly 200MA resistance & structure resistance are acting as significant resistance.
If you have read my recent TAs on Bitcoin I have mentioned a couple of times that the weekly 200MA ...
Hi friends! Welcome to this update analysis on Litecoin! In today's analysis, we're going to be reviewing the recent history of Litecoin, to try to understand the most likely forward path, given the current market conditions. Let's get right to it!
Looking at the daily chart, I want to first draw your attention to the MACD. As you can see, there are several ...