> > Wedge (bullish) formation intack
> Potential Buy Zone (highlighted on the chart)
> Hidden Bullish Div. on RSI
> Waiting to see Bullish div. on Stoch. It would be nice but not necessary for a bullish divergence on this indicator as well.
> Fib.Circle can be pivot point
> Key support line as well
> In the next week and less than 2 weeks, we...
It has been a while since LTC had a good move up and it may be a little longer still. Litecoin is in a Descending Triangle with an impending death cross, if in the next 3 to 5 days LTC does not close above $100.00 the death cross will materialize and it will send LTC into the 60's which will make it a perfect buy. LTC can be bought starting at around $68.00 all...
Detailed Elliott wave analysis shows a huge confluence zone at 60 dollars, targets in green on the chart. We are approaching the end of the correction WXY, last wave Y in ABC, we are currently in the 5th wave of the last C. The count of the subwaves of C shows that the correction may be finished before (targets in dash based on the subvaves count) Happy trading!!
LTC/USD Daily chart offers a pretty easily spottable strong area which can be also a bounce area for short-term profits.
It stays around $70 and the area criteria are:
1. Simple the strong area (gray price zone) which has worked historically as a support and as a resistance:
- 27th June 2018 as a support
- 4th September 2018 as a resistance
- 2nd April 2019...
Litecoin has made a Bearish SFP and then a new Swing Low. And now it seems like, this will make a Bearish Retest to the EQ of the Trading Range. Hence, this will cause the next leg down to the Fibonacci Retracement levels which are also the Key OB and its below.
Please let me know if you have any suggestions...
Sources of education:
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA
Read the ticker dot com
BTC trading challenge price action/volume techniques
After the previous halving of Litecoin’s block reward in 2015, its price increased by 400%. Should we expect a similar effect now?
On August 5, a block reward halving occurred in the Litecoin network on block 1680000, as a result of which the miners' remuneration halved. Instead of 25 LTC, miners will receive 12.5 LTC for each new block.
Litecoin is one of the...
LTC found a support on the middle of the channel and on the previous low. Closest seller will be in 86-87 area and then the main and the strongest seller will be in 96-100 range. If its gonna manage to break the main resistance, which is 100. Then the pattern double bottom is gonna be complete + the price will escape the main falling channel and higher targets are...