Despite the nice move in BTC, LTC has lagged behind and they indicators are less than positive. We still think that a deeper retrace is necessary to complete the 4th wave but if not, we are more than happy to move in a bullish direction to the $110-$120 region. Just a matter of sit and wait.
Keeping It Simple Stupid is the only way to trade in my opinion. So today's obvious level for me is $70.
$70 is almost too perfect! Why?
1. Fib retrace 0.38 drawn from year low.
2. Former resistance becomes new support.
4. Middle of rising channel.
1. Stoch will be back to oversold.
2. AO will be back to buy zone.
LTC appears to be getting a little reprieve bounce off the 28D MA; and more than likely some support from the bullishness of the broader market. Price has been range trading between $75-$85 since 11-April; and it will be interesting to see how price reacts @ $80 over the next 24 hours.
Volume on the recently closed 4H candle was somewhat positive for...
1- In Monthly & Weekly views, uptrend structures have NOT yet formed yet.
2- In Daily view, uptrend structure exsists.
3- Contra Fibonacci does not confirm the Daily C point; hence, this is a 50% probability trade.
4- Pay attention to the BTC trend, if BTC continues to rise, LTC may hit the target. See my BTC analysis, BTC forms is...
Trader Noxtreme back with you weekly in depth LTC analysis. PLEASE like, subscribe, and comment. Trying to shorten these up a bit so let’s get to it.
Weekly – History is our guide… Until its not.
This chart has me a bit excited honestly but I will do my best to remain objective. We have done pretty much exactly what I was expecting since my first in depth...
This is our “Every-Monday” report on LITECOIN with a full vision over 3 timeframes.
4H CHART EXPLANATION
As we explained on the previous charts, we are looking for short opportunities.
In 4H timeframe, we can see:
- Price is on a Bearish Corrective Structure bouncing on the Support Zone
- If the structure is broken, the down movement will be confirmed below...
LTCUSD looking weak after its most recent run.
I still believe there is another leg left with the halving this year, so looking to enter a long position around the $50 region and below, or on a break of the range.
First target $125
Here is a sneak preview of what you expect on guidothyssen.com. In addition to daily BTC and LTC analysis you get trade alerts and can request analysis for the coin in your favour. Test us for free in one week!
Litecoin is likely in a bullish channel where we now are working on wave 4 of 5 in a EW count. The descending triangle confirms more upside to come.
Hi friends! Here is a short, fresh, juicey update on Litecoin. An excellent long opportunity is unfolding right before our eyes on the 4h chart.
As we all know, yesterday most alts dumped quite a bit and in particular LTC. BTC is still ground on the $5300 resistance again as we speak. A very bullish signal and I'm confident that sellers are really running out of...