LTC is in very similar bottom fractal in price action as well as in RSI. If the fractal is to be repeated, we are expecting one more down wave and consolidation with higher lows after that, before the next bull market.
LTC formed a perfect accumulation triangle and, breaking the upper edge of this one which is at 76.95, LTCUSDT explodes upwards, seeking 85.05. Before you have to go through the resistances of 77.8 / 79.57.
RSI flat on the chart, indicating oversold and reinforcing the upside triangle breakout.
In case there is a reversal of this trend, I would look for its...
Litecoin is showing itself very strongly now, in previous cycles has always been a leading indicator of a reversal for Bitcoin
Now there are 239 days left before the LTC halving, the target is August 5, 2023.
Historical data :
1st LTC Halving, August 25, 2015.
Growth from low - 7X to Halving.
High - 44 days before.
2nd LTC Halving, August 5, 2019.
using the fib to judge LTC relationship with it. patterns typically repeat so for this trend, i would love to see LTC break above the current .23 and trade above it for a bit before retracing back towards the lows of this move. in that case i would be comfortable getting long, targeting the current swing high and if ltc behaves similarly to previously then it...
Litecoin is gaining momentum! And judging by the chart, it is trying to strengthen in the price range between 70-85 dollars. Now the chart is forming a rising flag pattern. And being at a horizontal and trend support level, it will most likely go to the upper trend level.
I will appreciate for ur activity. Thank you!
I think that after some consolidation we will continue to rise into our main resistance zone.
Targets: 86 - 90 - 93
RR: 1 to 3
I hope my work suits you and you are satisfied.
Today we see Litecoin still pushing higher with a new high and the highest price hit since May this year.
Trading volume is also high today which tell us that this move is real.
Previous analysis | Dec. 2 | Litecoin Still Trades Above EMA10 | $100+ Still Possible As ...
Additional details, support and resistance levels, can be found mapped on the chart.
$LTC has been actively moving up since 09 Nov 2022.
It went from $47.06 to $85.13
Increased 79% in 25 days.
$LTC has better performance than $BTC which is in sideway from 15.5k and 18k
I think if $BTC is still consolidating in that zone,
$LTC will have a bounce to $99 and potential reach $115.23
Right now, we're waiting for retracement back to...
Hello Traders I hope you are well and safe. Today am discussing #LTCUSD For Short. Here is a Full Analysis of #LTCUSD. When the price Test Supply Area then the Nice opportunity for short. If you have any queries then leave a comment. Thank you
Idea: The price failed to break through the daily 50 MAs and the upper border of the channel. The price started a correction after the formation of many bearish signals. The price may start a new attempt to break through 50 MAs. daily 300 MAs - strong support levels