Today I zoomed out and tried to find Litecoins bigger picture only to find what many cryptos are doing; trapped in a descending price channel. We have seen patterns in patterns within this channel only to be disappointed in the end. However the bigger picture does show what LTC has been up too, giving us clues through trend lines and indicators ...
the IVH&S was looking good, but now the opposite is starting to form. Looking at the Oscillators below... I could see this playing out (not that I want it too). I am looking for one more large red candle in the next 48 hours, before taking a brief long position. Look for the next red candle to "bounce" back up, not go flat like the last couple of legs ...
Hi guys all indication pointing to strong trend starting on Litecoin, we spotted two bullish patterns and at same time potential reversal patterns.
Looking on the chart we have inverse head and shoulder where both shoulders had been achieved and we also have Ascending triangle pattern which is getting nearing to breakout zone.
Follow the suggested buy zone from ...
Hindsight it appears LTC has failed to form the proposed 12345 impulse elliott wave Jan 10th but has rather formed a type of ABC bullish pattern instead. Where we are at now it appears to be a corrective bearish ABC pattern.
If we are in another ABC pattern then it looks like LTC is nearing the end of the first stage of wave A. On the 4hr chart I have a ...
We currently have selling pressure in the lower time frames but the higher time frames indicate will still have more time remaining for upward pressure. So, I believe this currently episode of downward pressure will be brief and we could expect at least one more episode of upward pressure to push us to the price range I indicate in the video publication.
Link to ...
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Litecoin has opportunities as it was on NEO on my previous analysis.
The green circle is the possible bounce area which depends on BTC'. The bounce criteria:
1. EMA's on the circle ...
Good Morning Everyone,
Just an update to confirm my last LTC/USDT chart. I warned of a reversal which is happening. It could be quick or take a few days.The reversal is the formation of a hammer candle at the top end of the bollinger bands.
Details on the chart.
This is a 3 day Chart. As you can see in the chart the MACD in relationship with price action has created a bullish divergence for the first time in LTC history.
This morning CCN quotes Tommy Lee predicting a rally for the S&P including mention of LTC. "Lee, who serves as both co-founder and Head of Research at Fundstrat Global Advisors LLC., ...
As I mentioned early this week. LTC was oversold and about to dip down to $32 to $34. Time to buy because wave 3 isn't done yet.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't ...
Posting this 3-Day Chart AGAIN just incase TV's platform scrunches up the cover chart too much to read properly.
Here's an example of a Wyckoff Accumulation Schematic in the following image link: i.imgur.com
Here is a link for more information to stir up interest for those not familiar about Wyckoff ...
the 4H uptrend is still intact after a brutal attack from the bears. Many higher highs and higher lows are indicating that the bulls still want to keep control in the market.
EMA 12 & EMA 26 now turn into resistance for any bounce attempts. I am expecting the prices will range between 31 - 32.5 for many days to come.