Litecoin pivoted off lows with $51.92 providing support, as anticipated. We made a run for higher levels, with an upside target of $55.84, but have run out of steam just below this level. Several red triangles on the KRI seem to indicate that LTC is running into resistance. If are able to continue the rally then $55.84 is sure to provide resistance. We are...
Litecoin still remains bounded between $51.92 and $55.84, as we have mentioned many times. The price action has edged downward, but $51.92 is providing good support at the moment. If this breaks, then there is another level immediately below at $50.64, which should hold. if momentum comes through, then $55.84 is a likely ceiling, as it will take significant...
On the above 5-day chart price action has corrected 90% from $400 since May 2021. (Who is selling after a 90% correction by the way? The number of ‘short’ ideas on Tradingview is remarkable). Anyhoe, a number of reasons now exist to be bullish. These are:
1) The ‘incredible buy’ signal has printed. Do not ignore on this time frame.
2) Price action is currently...
Today, I’m going to share something that’s a bit of a secret among those in the know. I will shed some light on the first secret today, which is the volume.
The first topic for today is the volume. What you see is a chart that’s a combination of 10 minor cryptos weighted based on the volume to create a single chart for us to analyze. This is part of my basket...
Ive said this before and I will say it again, Litecoin is about to go parabolic and if this bull pennant / flag I am seeing on the 1 year all the way down to lower time frames is gigantic. If this flag plays out its going to be epic. Can you imagine a $10,000 dollar Litecoin? I sure can! Just wait and see. Litecoin will be back under Bitcoin real soon like it...
I bought Litecoin (LTC). The reason is that the price is very cheap and it is worth my purchase. The price of this asset is very low now and we are facing an upswing that will give good returns in the future
From Apes to Gorrilas, to NFTards, the 2022 is an exciting year, and it is not even over, we are just getting started.
OH and an honorable mention to all the Metaverse addicts.
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I did a chart on Litecoin a while back showing my target of $10k with many reasons fundamentally why it will happen. This chart is on the 8 month timeframe and its a pretty nicely formed bullish pennant. Whether its a pennant or a bull flag some may argue,...
Secondary flow. Logarithmic graph. Term 3 days.
Main trend. — an ascending channel in which a huge butterfly is forming (part 2 is being formed)
Secondary trend is a downward channel.
Local trend in the secondary trend—wedge-shaped clamping of the price
Coin in coinmarket : Litecoin
The same options. Line chart.
LTC/USD Main trend....
LITECOIN broke the rising support
And the coin is now retesting
The broken line so I think
That If nothing changes fundamentally
We will see a bearish move down
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LTC performed good last cycle. Sadly, not this cycle. However, that doesn't mean that we can still scout decent entries for it in the long-term.
When looking at the LTC chart, we can clearly see that it's trading between two key areas (purple). With LTC already being an underperforming token, I'd only get interested once the price is in the bottom support...
Litecoin - Intraday - We look to Buy at 52.02 (stop at 50.59)
The trend of higher lows is located at 52.00.
We look to buy dips. We are trading at oversold extremes. Buying posted close to the previous low of 51.02.
Our profit targets will be 55.39 and 56.39
Resistance: 54.00 / 56.00 / 57.50
Support: 53.00 / 51.50 / 50.00
Disclaimer – Saxo Bank Group....