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 .
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...
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.
*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.
![LTCUSDT: LTCUSDT to $100 by the start of July? [Quick TA Prediction]](https://s3.tradingview.com/5/5rMiN438_mid.png "LTCUSDT to $100 by the start of July? [Quick TA Prediction]")
![LTCUSDT: Litecoin Lambo? [Short-term Swing Position / 1-4 days]](https://s3.tradingview.com/a/aNtWJlQo_mid.png "Litecoin Lambo? [Short-term Swing Position / 1-4 days]")
