Hi friends! Welcome to this update analysis on Litecoin! Here on the hourly chart, you can see that LTC is now running into the bottom of the pink falling trendline. You can see clearly on the chart that there is a W bottom formation there. Now, there is a possibility that it could morph into something else, but currently it looks like a W bottom. As I'm writing ...
After strong volume accumulation followed by strong downward movement. The strongest resistance level is around 55 and 83!!
Volumes around 55 are most likely volumes of strong sellers who are adding to their selling positions there and after that they pushed the price even lower
so when the price makes it back to this level i thing that this strong sellers will ...
This is not intended to be trading advice, but I thought that I would publish my personal thoughts and current charting. Trading this upward channel on LTC (15 min TF) using regression line with +/- 2 std. dev.. If you have any thoughts I'd love to hear them, please leave negativity out. Good luck and happy trading everyone!
The area where Ltc/Usd is at now needs to hold or Ltc/Usd is heading down into the red box somewhere. With Btc/Usd looking to head to the $2,800 area makes Ltc/Usd down under $20 very probable. Its very hard to get the bottom perfect. They will take it down lower than Our minds are capable of perceiving. The will push it past peoples limits until they give up and ...
Hi friends! Here is a quick look at the hourly action on Litecoin! If you follow me on Twitter (@MagicPoopCannon) you know that I dropped a tip that the bulls were stepping into the market today. Since that post on Litecoin, LTC has continued to rally into overhead resistance, at $26.33. Momentum continues to expand upwards on the MACD, but volume is starting to ...
We will soon find out.
RSI is near all time lows, a fall to 20$ would put us at -28 RSI which is very oversold.
If we hit 20$ and get a reaction, I will be taking a small stake in LTC.
If LTC doesn't hold at 20$.. the new target is a very grim 4$.
Included link to a CCI30 chart analysis. As you can see, we just a very nice ABC pattern and touching 2015 support trend line. Don;t be surprise we will have rallies up now. We might have some ABC patterns now, but overall the price will be less volatile and will eventually will get out of the channel, that is when everyone will pile in, and we will repeat the ...
LTC next support level is the blue line, $13ish next.
Has the new CBOE Futures for BTC captured the Bitcoin/USD pair in the midterm ?
IF SO, they can and will try to drive the BTC down for weeks or more to come since the 6K area was broken.
If LTC holds the blue line with volume, I will start DCA again.