Litecoin is in a small uptrend in the “Expanding” (diverging) triangle. The global trend is downward. Important pivot points and levels of the first movements I depicted on the chart.
Features to which you should pay attention when forming this model of a figure.
1) There must be a minimum of 4 points of contact 2 touches...
Litecoin rejected off the 55 EMA daily on it's first attempt to crack it. The smaller EMAs (8,13,21) are the next line of support. From here we will hope to retest the 55 EMA. Just a waiting game. If things go sour over the next week then there's a high chance to go back to the local lows near the end of the C wave.
Litecoin finished 5 waves up to hit it's 2019 ATH. Now it has completed it's massive ABC correction and is looking to take the first steps to starting it's journey back up to new highs! The first step will be to clear the 55 EMA on the daily! If we get rejected, we may retest the local low.
LTC Signal Buy Now Moon Coming soon !! short or long
Buy signals occur on the LTC 1 Day LTC / BTC charts.
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Played out well!
Hit upper resistance of the channel, according to how $ALT/USD(T) pairs act - Bitcoin can move up soon, but now it's in flat, and for conservative position better wait for it to break one side and enter on successful retest of breakout level.
According to $LTCUSDT - small pullback before next move up.
Everything you need - on the analysis.
Litecoin has hit a resistance point. If I was playing the short term game I would sell right now. I gave signals to buy at 68, 65 and 62. If you bought at any of those price points and sold right now you would walk away with a pretty good profit. If LTC goes over my resistance point decisively I would jump right in again when it pulls back to the 61.8. The point...
LTC broke bearish trend line, we can see bearish momentum has been finished, you can enter to this pair after breaking 71.16 resistance, R/R is looking very good.
This is a Long term analysis, targets are available in the chart as always
Do not forget set SL and Enter after resistance break (71.16)
The most important resistance is at $ 71 which can be a significant boost
If the current situation prolongs and breaks through the resistance range we can expect the price to fall to $ 66 support.
When purchasing or maintaining an item worth $ 69