Litecoin after recent high happened last week after Charlie Lee announced that he quit working for Coinbase and will do full-time for Litecoin development market just reacted quick and too the price to $50 use a coin. Now the chart lost the steem and the market is today overbought lost the grip in the near term support i assume the market will drop more and the...
Somewhere between the TP1, the blue ellipse (3) and the brown ellipse (5). TP2, blue elliott (5) later!
Notes on Graphic
I recently sold our LTCUSDT trading position (bought at 43, sold at 47). The cryptocoin is showing weakness with MACD and RSI exhibiting stark divergences from price. MACD and RSI are forming much lower highs compared to the same/slightly higher highs of price. Re-entry point (in case you want to trade again) will be 41 and below.
Oh boy look at the litecoin seriously breaking all the rules ...We predicted that the market will hit the wave 5 last friday and here we are the marjet litterally one of the hottest coin right now .
Ready to break up. TP1: 54. TP2: 75. Questions and requests on Telegram. More info in my signature. Song for the ride www.youtube.com
LTC touched support on 1 H Cloud. Target 47-53 usdt based on fib levels
Looks like LTCUSDT could hit a historic All time high of well over $100 by July if it continues it's current upward trend. Lots of buy volume greater than sell volume indicates it has a strong support.
• LTCUSDT has had a rocky start to the month, it was making gains but very slowly as it kept retesting the $30 mark trying to break it. It finally broke the $30 resistance on June 11th after news of Charlie Lee (twitter.com) from Coinbase.com resigning to work on LTCUSDT was announced, It seemed $30 was LTCUSDT's biggest obstacle at the time. After...
Bearish Butterfly Pattern go long minimum target 38.
lITECOIN/USDT LTC/USDT (Possible ABCD pattern and wave 2) Lite coin been oversold looking at the buyer zone market may form ABCD pattern along with the wave 5 elite wave formation.
LTC now looks to fly after breaking out of a downward resistance. Stop at 28
*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.