Hi friends! Welcome to this update analysis on Litecoin! Let's get right to it! Looking at the daily LTC chart, we can see that the silver to Bitcoin's gold is looking HELLA bullish. After that powerful breakout above the downtrend channel, on MEGA HUGE volume, we can see that price is basically printing a textbook bull flag above what was resistance, at about...
LTCUSD is approaching our first support at 41.21 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur below this level pushing price up to our major resistance at 44.33 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching support where we...
LTC had the largest red volume since the recent breakout--and still left price higher than previous lows. Regardless, the price still continued to trend upwards. Further, the stochastic RSI is in oversold conditions, firmly, and suggests more upside to come.
What's coin on guys?
Daily candle closed as a shooting star, and that is indicating that bears have responded with great volume. We might see a stronger pullback in the next few days, but, anything is possible as always...
In this short article, we will analyse the price of Litecoin during the last months.
After 400 days of bearish market, it’s incredibly difficult to see something positive from the charts.
In this short analysis I will show you two bullish signs on Litecoin.
Take a look to the volumes: Starting from November they started to increase...
As you can see in 4h chart , after hidden divergence in uptrend of ltc ( Shows a short term reload ) market hits panic buy zone for 3rd time , Its a powerful signal which means market will back to its Trend or even break It ! so be careful , first Target is Trend line but it can even break it
Litecoin has retraced 50% of its recent moving up and is heading north again. 5/12 EMA, MACD, on On-Balance Volume looking good on the daily chart. Looking for an exit price above $55.
Set up is invalid if we close below resistance at $40.
LTC on BITFINEX, 4-Hr TA
Please note, I left my prior chart notes on this TA. I just changed the resistance to support price levels.
You can see the price distribution pattern forming with my typical Orange Dotted Primary support falling trendline with 4-data points along with the above solid resistance falling trendline with 2-data points. We are a candle or...
Litecoin failed to follow through on the bullish breakout, just like bitcoin. And again just like bitcoin, we’re stuck between 2 MTFA levels: 45.2 and 40.8.
Selling pressure has taken control as the CMF has turned negative, and the indicator has plotted a short setup. In this case I’m ignoring the breakout level shown by the indicator, but placing the entry...
Litecoin' seems to be follow that big bull flag pattern on the left i showed in the weekend. Short term it's still a lot of noise, with Bitcoin' not making a decision yet. On the right there are to options:
1) The H&S, which is less likely after a good strong rally as we did. But if we break the neckline and see an acceleration down with high volume, it will be a...