A key level of $162.5 can be highlighted on the Litecoin chart. The price is now contracting, which is a good signal before a breakout and rise.
Enter after a breakout and a retest of the key level as support.
But be careful, there could be a stop loss hunt before that.
Write in the comments all your questions and instruments analysis of which you want to...
There was some fake news that came out a bit ago that lead to a pump in ltc but it's likely going to be faded and now it shall go down to 75 dollars so im reentering my short here.
The tweets were fake and the news outlets picked it up unknowingly and helped to spread the fake news. Now the market will continue going down as it was. I think this will negatively...
If you use a simple technical analysis of the price, you will notice that between the prices 187 and 169 (approximately) a flat channel has formed, which lasts a whole month.
All that is included in the accumulation is the already completed trades of traders and limit orders, which, sooner or later, will break the price in one direction, outside the channel.
$LTC broke out from upper line of an ascending parallel channel.
there is a support zone that is the same as the broken line around $200
I think #LTC will continue its upward move (after a pull back) to $246 and $280 , that are fibonacci levels of whole swing down.
BINANCE:LTCUSDTPERP is extended from the 50 EMA (1h). A H&S has presented, variation of an M formation. I'll take profits at the 50 EMA.
See all the green vector candles and all the nPOC's we can recover. I think we can easily make 5% from this short. Use proper risk management. This is a scalping idea and if the pattern gets invalidated we are out.
#LTC H4 The chart gives us a correction warning by forming a head and shoulders. The correction is up to $ 141 A negative divergence has been observed between the left shoulder and the head, indicating the strength of the head and shoulders. The price is fluctuating in one-hour and four-hour timeframes under the camouflage cloud.
$LTC broke down the ascending support line, the nearest support is a zone between $166 and $161, that will go to touch in coming hours.
As I see a double top pattern that shows the correction or down trend will continue to the next support zone, which is the same price of 0.5 and 0.618 fib levels.