Litecoin, as always a leading indicator a majority of the time, signaled a reversal to the negative price action affecting all Crypto currencies, with almost a triple bottom. The chart at 1 minute intevals, on the daily is a lot more impressive, but due to low resolution, TV will not allow me to post it. Amazing pattern is building.
The price moved downward in the borders of a descending price channel.
When the price bounced from the support zone formed bu the bottom line of the price channel, SMA200, and 66.50 support level, it gave us a buy opportunity. As you can see, that buy signal could bring a good profit.
Now we have to focus on the price action at the main line of the price...
Here is one quick strategy that could play out in the following days.
I remain bearish as a whole in the crypto market, but as always, there's good opportunities meanwhile. The reason that I think the value will pump in the near future is that every time it has crossed the triangle it has rallied before the dump + volume momentum + it seems today...
I believe that like other cryptos, Litecoin is forming an ending 5th wave diagonal and will retest near $60 before the next wave up. The entire market has made a massive move to the upside and it may be time to rest.
Good day traders
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We got a LONG signal on LTCUSDT
Buy zone, Possible targets and Stop Loss are indicated on the chart
Here are links to the...
Looking closely on the chart we can see a serious bounce off 78.6% fib level from the previous rally which pointed to likely bottom.
The drop took the form of falling wedge.
Considering the bounce off the potential reversal zone as immediate bottom for the coin, as a result of this, it will be smart to accumulate from this zone back upward.
From this whole...
Good afternoon, dear traders! I decided to analyze Litecoin ... I observe an undeniably uptrend. However, entering into a transaction from this position is rather risky. It is better to go from the nearest lateral support level with a small stop loss.
Have a good weekend and may the profit be with you!)