I think there is very good chance soon for a good run up. once resistance will break 50
if it fail to do it , then expect it to crash to 45 even lower
but I think it will go to 55 and from there we see if it return to 60 or fall back again
I am long from 47 but the real deal will be if it pass the strong resistance at 50
as you see, there is a cypher pattern on the chart of LTCUCD. In addition to this, we have the support of MA200 which can be a good support for its price.additionally, there is a triangle pattern in 1H timeframe and continuous rise in bottom of MACD.
As you can see on the chart EngineeringRobo and I are neutral at the moment.
If you are currently holding LTC at the moment, hold and pay close attention to EngineeringRobo sell signals or if you are more conservative, sell at the downtrend resistance level
If you are planning to buy, look out for Engineering Robo Buy Signals, or buy at the $40.44 support...
LTCUSDT - Long - Potential 14.02%
Entry - 47.57
TP1 - 51.71
TP2- 54.24
SL- 45.22
Please comment with thoughts and how you get on.
If you like the idea, then hit like on the idea & support with a follow.
Still in volatile territory guys, so trade with caution
Spring/fake break at support
Multiple high volume demand spikes. In Forex that would be a decisive volume situation.
RSI POS DIV
I am expecting at the very least a counter-trend back to resistance/median.
Now i'm not convinced on the daily, The daily is telling me there might be more to go on the downside.
let see if this is the spot....
Hard to imagine, but I think, that LTC will be trading below 20 USD at the end of this year. The only thing I see, is perfectly finished ABC correction in downtrend. LTC already dropped below that grey big support, which will of course act as a big resistance. We are oversold on all time frames, so I am expecting bounce, but then I will very likely open SHORT.
I...
