*Note my previous LTC/BTC chart.
As Bitcoin price rises, Litecoin price will/should also rise in USD, but not so much in its BTC value in comparison.
LiteCoin will need to break through these resistance areas, for it to show us where it will be headed.
for now goin shorts but that nice buin candle and
blue demand buy
red supply sell
i will build my ltc position all down (that buin candle) and specialy at blue demand
Litecoin went from 17 USD to 38 USD and corrected from there, we see it bounces at the 24.5 USD support line, but the bounce after crash wasn't that strong. It didn't retrace fully back to 32 USD thus bulls are less strong and something is holding people back. For now we see the trend channel closing in, seen as the blue curves. The gann fann (yellow) indicates...
looks like a Bat formed. It appears there is heavy support and indicates likely resistance.
Be warned, this may break right away on the news of a potential BTC scaling agreement www.cryptocoinsnews.com
They could just be trying to delay the implementation though and delay segwit another year or force a UASF. Buyer beware.
Shooting star on weekly chart...
a RED shooting star at that...
Stochastic show overbought,
MACD convergence...
Any takers?
Accroding to the rumor mill Segwit activation was a success, at the expense of fraud allegations.
www.coindesk.com
themerkle.com
I'll probably wont act on this one because i need money for a new car, however, it seems like the ltc is on the downside of its uptrend channel, with all other cryptos having the time of their lives staying at the top of their uptrends channel, it is time for ltc to have it second wind, Segwit has been locked up, and in 12 days we will have it's full...
Hello :-) please comment your ideas about litecoin future :-)
im gladly happy that segwit is locked and will be activate soon as period 6 completed.
I think that in light of news we can expect price to go more higher than 16$-17$.
to me looks like very undervalued toward ETH,XMR,Dash,ZEC .... etc and mainly undervalued toward BITCOIN. i think and expecting reach...
Neutral on LTC for the moment. The 1h has a green line coming up to touch the red line; indicating upside. One can buy now if they want but have a stop loss in order. One concern is the green line at 68% in the 30m TF. Meaning, it may be almost spent in terms of upside before coming back down "potentially." We shall know more within the next 30 minutes to 4...
update
red supply sell
blue demand buy
but that last spike its more deep in supply zone so its possible to get higher
so ltc need some diskount , still seeing it as buy in long term buyin demands
segwit underway (now it must holds 2weeks to fully activate) looking for it
