Litecoin - 24h expiry - We look to Sell at 97.78 (stop at 101.38) Bespoke resistance is located at 98. 97.85 has been pivotal. Short term bias has turned negative. The trend of higher intraday lows has also been broken. Preferred trade is to sell into rallies. Our profit targets will be 88.78 and 86.78 Resistance: 93.00 / 95.00 / 98.00 Support: 89.12 /...
Based on previous halvings LTC should be in a very bullish period for the next 2 months. Of course if SPY and the big boys start to tank this would be voided so need to keep an eye on SPY/SPX
BINANCE:LTCUSDT Breakout Retesting it wil go high from here to test 120 levels check price action here zooming into lower time frame for early entry to long .
CRYPTOCAP:LTC macro trend can be analyzed using 3M timeframe channel. So far two support zones are observed on the channel line. If it's able to hold support, then the natural move will be towards the trend line, otherwise towards the prior support. #Litecoin #Crypto #LTC
Everything pumped on cpi data, except crypto. Might be lagging. Litecoin broke out if the down channel and currently bouncing on the upper channel line, while also shaping a potential head & shoulder pattern. A break of the neckline might potentially offer a long setup.
ltc has tested support 2X now if we lose it the 50 day we go to 85 $ range if we break out of the trendline then we go back to where we were 2 weeks ago
Support is found with the breakout above the structure. Support is shown with the green line and circle outlines the support found above the trend line.
I broke down the reason why these cryptos did what they did today from a technical perspective They followed ICT's concepts to a T Algorithmic price action. You see these types of moves happen on forex/indices/currencies etc following the logic I outlined here
Possible buy opportunity on LTC/USD with the target of 157 by the end of the year.
BINANCE:LTCUSD.P reached one of the most important area and we expect reject from this line, lets take it.
Litecoin - 24h expiry - We look to Buy at 94.24 (stop at 90.74) The sequence for trading is higher highs and lows. Trend line support is located at 94.20. We look to buy dips. 94.14 has been pivotal. Bespoke support is located at 94.14. Our profit targets will be 103.24 and 105.24 Resistance: 98.00 / 100.50 / 104.00 Support: 95.50 / 94.14 / 91.50 Please...
Guess at the ltc price action into this coming trendline looks like it could be setting up for a small ihs 3bottom type structure before rejoining uptrend ahead of the halving event slight break in obv
Same chart, no change. We can see Litecoin still respecting the rising trendline and producing a bounce on it as well as right above EMA50. This is good but still early. Yesterday's session ended as a bullish candlestick, this can be determined by the green close and the long lower wick. There is plenty of room for additional correction and consolidation while...
Litecoin - 24h expiry - We look to Sell a break of 90.68 (stop at 93.88) Trend line support is located at 93.00. Prices expected to stall near trend line support. A break of the recent low at 90.85 should result in a further move lower. The medium term bias is neutral. There is no clear indication that the downward move is coming to an end. Our profit...
Looking at our daily chart of LTCUSD, we can see that from the beginning of July, the crypto continues to correct lower. The rate is now near the crossroads of two short-term trendlines, a downside one taken from the high of April 18th and an upside one drawn from the low of June 14th. If LTCUSD remains above both of those trendlines, there is a good chance the...
Many traders are bullish on LTC due to the halving. It reminds me a bit of the situation when he was at 100USD and it was just before the crash. I'm not saying it will happen again here, but the risk in this area will be high. I like LTC, I would easily put it 1st of all coins. LTC reliably serves exactly the purpose for which it was created. I just keep getting...