I thing according TA and Fibbo $48 usd will be a figth zone between bulls and bears. If this zone fails next target its the beginning of the Fibbo target in $20 usd. This escenario means a drop of 65% of actual price aprox.
Graph explains the shorts and technicals.
- RSI overbought means short
- MACD fake bullish.
- ZQZmom I am at te expectative.
$48 Its a critical support if its breaks can't go the $20
$LTC is moving up and it will continue up to 81$ in my opinion. There will be a correction to 50-60$. I am waiting for correction after 81$. It will go up again to 100's $...
We will about the MimbleWimble privacy testnet launch for litecoin in september. It will effect to price....
We'll see:)
LTCUSDT needs Volume for a nice breakout from ascending channel.
the price bounced on 0.5 Fibonacci Level and daily support.
According to Plancton's strategy, we can set a nice order
daily
weekly
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
I think BTC correction is not over yet, so Alt will more bleeding for next few days
for LTC you can watch that 3 areas
Im not recommend for Futures Market to put entry area/trigger, its very risk and Stoploss hunter will liquidated you. Lets see price reaction to OP
I think its clear area to OP long if LTC break 65
""Not financial advise, DWYOR
The price has been in a downward trend for a while. And the Bollinger Bands keep getting narrow, which for me is a signal that the price may break out anytime.
Also, the volume is low, which means traders are not confident with the price. And the MACD is in a downward trend too, however, it just went through a dead cross.
The RSI just went through an oversold...
Fundamental: Belive that LTC and all criptos will be down this cripto-winter again. We are in pandemics, recession and people need to live in fiat ( currently ). Dollar will be fight with inflation, and new deals with Europe and LATAM are running. That can strong the green dollar shortly,
Technicals: Like in Covid-crash march 2020, the indicators are in the same...
you can see the stopping volume/buying. Stands out a bit.... furthest spike to the right on the volume.
I domt think shorting into that buying is wise... but hey, I try.
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
