- In DAILY TF, LTCUSD Has Almost Completed the Falling Wedge Pattern..(Bullish)
- Printing RSI & MACD Bullish Divergence in Daily chart as well..(Bullish)
- Just Need Some Spicy VOLUME For Breakout & Healthy Uptrend..
- Grab Some For Midterm & Hold With Low Risk..
Buy Between 48-54
Sell Targets 62 - 78 - 98 - 120
Stop Loss Below...
Hi friends! Welcome to this update analysis on Litecoin! Let's get right to it! Looking at the weekly chart, we can see that there are a lot of really interesting things going on with LTC right now. Some of them are good, and others are not so good.
First, I would like to draw your attention to the large POTENTIAL uptrend channel in blue. Now, I know that it...
I have been a trader for 13 years and traded through the financial crisis . I have been around the block , gained and earned lots of experience while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and...
LTCUSD expected to rise up to 1st resistance at 64.71 where it could potentially react off and drop down to 1st support at 38.14.
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Biased for a breakdown. Breakdown target of triangle is $49.
My previous ideas were a bit off, but the bearish bias was correct. I never believed it will bounce back over previous support (green dashed line), although it wicked over it several times. Bulls gave it a good try.
Lo and behold the current price action after this year's top is just a flipped image of this year's price action to the top. the price structure in the flipped fractal matches the current price structure in LTC's decent. And if the fractals plays out, the bottom is at 22.
Personally I believe the bottom is between $49 and $43. I will demonstrate how i got to...
LTC was a big loss for me last few weeks with my swing trade. What I do like now is that we only touched the $50.50 zone once and were not even able to break $51 the second time. I beleive there is huge upside potential after this aggressive sell off we've had.
Join me for the live stream today where I break down this...
Scenario 1: Rollback to zone 53 - 52 (there is increased liquidity), after which the price breaks through support and goes to 49. There will most likely be a rebound from there.
Scenario 2: Price rollback to zone 53 - 52, after a rebound to 55 (resistance level). This rebound will be due to a good volume, which will be above average. If the price fixes above the...
The arrow indicates the initial movement, now you can see how the price is fighting against resistance, which signals a possible increase.
I see the outcome of one of the situations:
1. Breakdown of the red lines, which is 70% possible.
MA move more hollow, which only gives confidence on the growth of value.
2. Price reduction to 48-43, after retest to the level of 50-55.
Just like every other coin, Litecoin has been in accumulation since it's runup in June. Now it looks like this week Monday Litecoin should break out the downtrend and start moving up.
Right now the price is suppressed in between the 4H hold and the downtrend, with not much wiggle room. This next week we might even still be accumulating, and will be ready to move...
LTC's current position, which is the lightest among bitcoin-based coins, is near its price before falling sharply.
Ichimoku's baseline falls and is near its price range.
If the price touches the baseline and sees an increase, a split buy is possible from that baseline.
A full buy point is possible when the price rises below 49.022.
LTCs in the second group,...
broke out of channel but formed a broadening falling wedge. A lot of mini pumps, but not impressed, still in the same trading range since the 16th. this trading range formed a bear a pennant. Bolinger bands getting tight. Longing here is inadvisable. Potential to drop to $49 very likely. Potential target $45, bear pennant target.