Appears CHINA news out of left field has possibly blown up the crypto market for some great short term gains. Question is if it can be sustained or will it drop just as fast as it jumped today? Please be mindful that there is a apparent death cross looking imminent on the 3D LTCUSD chart as we speak and this current run has not broke out of the overall down...
Not advice. For educational purposes only.
Major Crypto's in a definite bear market and LTCUSD more unpredictable than usual while BTC now crashing. Back to near all time low for LTCUSD this year looks like a very good possibility especially if $50 range support breaks. Will follow for next few weeks to months until we get a clue of possible bottom and reversal on the charts. Will be a good bargain again...
LTCUSD down trend in full effect and Clubber Lang predicts more pain ahead. Death cross and now 100 EMA has crossed the 200 EMA on the 1D chart. Likely sideways movement at mid to lower $50s for a short period then breaching the upper $40s to do the same thing over again in the mid then the lower $40s thereafter. Can't see going much higher than low $60s in the...
LTCUSD: Big sell wall forming at around $57 in the immediate near term which is the 50 EMA resistance level currently on the 4Hr chart.
MACD now looks full established crossing over the signal line on the 1W chart. RSI trending in the down direction too. Not an easy task to reverse that trend anytime soon but maybe just in time for 2020 halving event. Give your best estimate.
Time will tell about all those lines. Can't wait to get back to the future.
Down trend apparently continues.... possible bumpy way down to 78.6% retracement in usual fashion after death cross on the 1D. Rinse and repeat. 1W and 3D also looking bearish for a while and looking at these for a true long term trend reversal similar to the LTC fire sale that ended in December 2018. BTC looks like following suit as well as LTC leading the way...
Following the arc nature of the oscillators on the 1W chart just for shits and giggles.
Watching the 1D MACD to maybe cross the zero line from below, which may indicate a new uptrend emerging. The RSI still looks like it is rising. Decent support above the Fib 0.618 with the overall trend since late August following the 4:1 Gann Fan angle line in the up direction. The 3D MACD has already crossed the zero line from below and usually indicates at least...
LTCUSD: Does not disappoint with full blown price action uncertainty. Recent up channel shattered with 100% retracement to $61-62 support and bounce back to some reestablished $65 support currently. Short term attempt at recovery possible to 4Hr 50 EMA @ low $70s; however, there is great uncertainty if any support will hold above $61-62 area again and if drop...
Mirror mirror on the wall? Is there vertical symmetry playing out for real?
Setting up for cup and handle to hit $84 and then low to mid $90 targets? Will watch this play out......stay tuned.
Good short term support building around $70-71.... spring being loaded in this area and awaiting some possible bull action after a short period of consolidation. Good luck.
LTCUSD: Possible Bull Pennant on 4Hr now.... awaiting possible break out north!
As above. Will have to see how it plays out. Interesting back and forth for an attempt to push over $70 last 24hrs!
Looks like Bulls coming back in short term as LTC with even bigger support building right now at $68-69.... stay tuned for some short term higher altitude gains if the low $70s resistance is eroded. Might be a quick one.
There is decent support @ $69 to $70 range right now in this little up channel that I believe has formed since the low of $62 on hindsight. If bulls can rally past $72, which currently has heavy sell orders, then $75-79 rage is possible. Also, the MACD on the 3D is looking to possibly cross soon and that that has usually corresponded to a little bump in LTC price...