LITECOIN is retesting a key level
And the short trade looks natural in these conditions
With the target being the low
Of the previous Bearish movement
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Litecoin has bounced back, but is facing resistance at $158. We are potentially seeing an inverse head and shoulders pattern forming here, but we will need to see the second shoulder form properly before we can confirm. We are seeing support at $151 at the moment, as confirmed by a green triangle on the KRI. Both the Kovach momentum indicators are bearish,...
Been a while since I posted about Litecoin. Expect price to get rejected at the Daily 20 moving average.
Here's he setup:
Sep 24th, Friday - LTC looks bullish and reaches 174
Sep 25th, Saturday - Crash begins
Early October - LTC completes 60% correction to 69
Cryptocurrency Litecoin gave up a 20% gain and tumbled back to Earth following a fake press release sent out by GlobeNewswire that referenced a partnership with Walmart on September 13th. After that, on September 16th, Litecoin entered a tumbling mode after it hit resistance at $192.00. Then, on September 20th, it broke below the upside strong support line tested...
If you look closely, you will see that Litecoin really likes to print the classic 'w' pattern towards the tail-end of Q3. 3 out of the last 4 years it has done just that.
This pattern is shaping up to look a lot like where we were back in 2017.
Q4 should be interesting this year...
(not financial advice ;)
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Litecoin has continued to push lower, finally finding support at $147. We have two green triangles on the KRI near this level. Currently, we are seeing a bit of a retracement to $158, but we are falling just short of this level. It appears we are currently finding value just below it, around $155 at the time of this writing. The Kovach OBV is still bearish,...
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,...
This is a contingency plan in case LTC prints a heads and shoulders. I am midterm bearish and believe the market has not bottomed. The recent bull run is an exit pump in my opinion.
The target if bear market resumes for LTC is between $80 and $60.
LTF we will see a rise to print the right shoulder.
LTC and pretty much every single coin is not looking good. i anticipate we hit the bottom of this downward channel before we make our move up.
october is not setting up to be a good month so i would just sit tight to see how low we go.
not trading advice, just an opinion
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term...
- 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 16) 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..)...
in accordance to the harmonic pattern retracement, with respect to our short-term sellers, we have reached our Take Profit. As a result, we are approaching the possibility to execute a long order upon further confirmation. On the Daily Time Frame we have a bearish candle currently (as of writing) trading below the previous LOCAL support line on the same Time...
Retest of 168 on low demand can be a good eventual sell entry.. Would not look for any serious buy positions unless we see a break of the 168-175 area.
Supply has been so present for the last 3 days that a break under 150-145. and maintains under it would make me aim at 125 as well.