Hi, today we are going to talk about LTC!
The buyers' defense formed at the weekly time frame a hammer pattern at 61% of Fibonacci, such a pattern could be due to the fact of the continuity of the bullish movement on the Litcoin halving speculation. However, we should keep an eye on Bitcoin and its selling pressure, that can disturb the plans of Litcoin reach...
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 $70 and the area criteria are:
1. Simple the strong area (gray price zone) which has worked historically as a support and as a resistance:
- 27th June 2018 as a support
- 4th September 2018 as a resistance
- 2nd April 2019...
Hi guys, just want to share a montage that i made for fun. All the prevision are base on most common retracement fibs. I see LTC around 1600$ by the end of the SuperCycle wave 5.
I consider here a bullish scenario, the flat correction ABC is arriving to an end, target in red on the chart. The target I consider more probable is the 85.4 of wave 1 , that would almost exactly C as the 123.6 of wave A. It should be followed by a wave 3 upward. Invalidation of the scenario it goes under the 1.3 of wave A. If the scenario is invalidated it means...
For a long time now LTC has been working on a cup and handle pattern, there is really a "no lose" set up here. You buy after it exits the cup for some quick money, but if it invalidates the cup and handle, then you buy where you see the two X's for some serious accumulation in case of a double bottom. In either case, you are getting your money back and then some...
Litcoin, like all crypto, is very weak. There are no buy signals so far. For all indicators bearish signals. The closest target for the bear is 75-80 USD. There is a possible step for the formation of a bullish correction.
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I agree /...
Hi everyone,
LTC has corrected further, while BTC is up ~10% over the same period. No huge mystery to my (quite wide) range of $82 to $71 - I am just straddling the 1:1 extension of the wave B correction. Remember the lower it goes the better - LTC seems (through the consensus of the market) to have wide appeal and recognised value. So the cheaper it gets - the...
Expecting a bounce on the 200ma, this acts as massive support, we should get a relief bounce minimum.
Precise buy & sell positions are in our crypto market scanner (comment).
LTC is drawing triangle, that we will break down as always and will bounce back up from trend line as always as well. Market maker didnt create anyhting new for us and again showing his generosity. Safe entering will be on fibo levels that I marked on my chart and safe sell will be under global 0.6 fibo. Good luck guys! Dont forget to press like if you will get...
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.
Entry: 85.9
SL: 107.1
TP-1: 61.1
TP-2: 41.1
R/R: 2.11
Please let me know if you have any suggestions...
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...
Hi Guys,
LTC is in great position to buy, If the drop ends in this range, i mean 72 USDT the butterfly pattern end and we go upwards. If not, we have Deep crab pattern and go down to 63.72-64.22 area and then go up.....
finally we have great future for LTC.
DO THE BEST.
TP1: 72.23
TP2: 67.23-67.73
TP3: 63.72-64.22
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