LTC is at lower support of descending channel (flag) that is usually expected to break upside.
I think here is good to buy some but not using leverage. (Personally bought half of the bag)
The downside movement could continue tomorrow but there are several technical support in several cryptos that may hold the market.
I try to be patient till have some...
Litecoin is on its support and is ready to start a bullish move.
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What I share is my idea and I hope they are all useful and give you better understanding of the chart being shared.
No financial advice to buy or whatever it might be seen. Only an outlook of the chart is something that I pursue.
Good luck all.
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Everything on the chart.
open pos: market
target: 160 and 164
after first target reached move ur stop to breakeven
stop:171 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
Good luck everyone!
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*DISCLAIMER: This is not financial advise and I highly recommend to do your own research before approaching an entry for any given positions.
In the outlook of Bitcoins foreseeable price breakdown, LTC is facing a price correction as it looks for support at the 105.2 & 94.5 zone.
Recommendation for SHORT Position:
ENTRY would be ideal at 154
First of all, this is not financial advice. This chart includes only my idea of where we are going.
I am seeing Wyckoff on the chart. Just i couldnt be sure SOW and LPSY area. so there is 2 way to where ltc is heading in my view..
Not: I am not proffessional charter. But this chart looks valid to me. I wanted to share because we may discuss or take some...
This weekly view of Litecoin shows that we're likely due to see LTC fall to $100 again before any significant support can reverse this downtrend.
We have some support at $140, but I am not convinced, particularly when MACD on weekly did a negative cross... that is... bad.
Hence, if anyone is bullish on Litecoin right now, they need a new pair of glasses....
Well, in the 4-hour time frame, we see the formation of an Bullish head and shoulders pattern . We have to see if the price can break the neckline or not. In this range, there are both static and dynamic resistance , and the failure of these three resistance requires a lot of power . so , let's see what will be happen ... BINANCE:LTCUSDT
⚠️ This Analysis will...
weekly chart of $LTC shows to me a cup and handle pattern, that if it is going to complete, the target that gives me is around $500, which is the same as target of AB=CD pattern that I shared before.
In this video I break down my favorite technical setups for this week in the cryptocurrency markets. I go through my top 5 last so feel free to skip ahead if you like. Please remember this is not financial advice. Good Luck!
LTC forming this falling wedge for almost the last two weeks. Now right under important level 165 that was support multiple times, we can expect that now will act as big resistance, also at the same time right under the resistance trendline of this big wedge. SRSI could use some cool off and we could expect possibly some kind of pullback, consolidation, or even...