Litecoin TA. Broken longterm downwards trendline, slowed down at resistance zone at $60-65. Very likely to keep pushing towards $70 then $77-84. Currently holding from $42.50
Bitcoin dominance is looking weak, however Bitcoin looks ready for a major rally. At the same time, many alts are looking amazing. Theory: If Bitcoin Dominance is weak, while bitcoin looks ready for a bullish rally, then it is going to be an epic alt season because alts look ready to fly...
LITECOIN BREAKOUT IDEAS: Price is still wedged between the longterm trendlines. Price has been range trading between $37 - $51 for the past 4 months and it is likely a breakout will occur soon. The current low zones of the range at $37 - $42 have proven to be a very strong support area and for that reason (among others) I am favoring a breakout to the upside....
Not the entry I was hoping for but Bitcoin is looking bullish so I am going long Litecoin from here. Short Term Target: $44 - $47 Long Term: $50 - $53
Moved my stops back yesterday. Looked like a squeeze. Still holding.
I have been out of all long positions on Litecoin since I exited at $49+/coin. Right now I am watching looking for opportunities. Currently there is a Head and Shoulders pattern formed along with the descending trendline which would make me believe price is still pretty bearish. Will be looking for position entries in my highlighted areas. 5/20/2020
Litecoin buy zone. $41 - $43.50 - $45.50 is where I'm looking to go FULLY long. Watching PA and waiting for a pullback to the trendline. Price could reverse at the $45.50 zone, however I would like to see a deeper pullback for a better entry.
Still holding my long position from 42.2 Not my best entry but it was in profit from the start, only to drawdown a bit after. Nonetheless , still holding and in profit. Targeting $47 - $48.50 upwards to $52 Stops at $39
Litecoin broke out of the LTF channel. Target $47 - $50.
Current PA suggests we could target downwards towards $37.50 bc of the 3rd wave trendline touch. If we see support held at $40 we could see a break of the trendline, retest and push towards $44 Also, Bearish W pattern suggests more downside. I am personally looking for $37.50 - $34.50 to add positions
Bitcoin looking like it will retest the support at $5,800 this week. It is currently trading between the range $5,800 - $7,400. After a retest we could see a push upwards near $6,500 forming the right shoulder on a head and shoulder pattern. Then continue pushing lower to near $5,000 again. This is just a scenario.
Current PA suggests we could go either direction here. This is what I'm looking at. A break lower suggests we could target $6,800 - $6,400 - $5,800. A break higher suggests we could target $7,800 - $8,300 - $9,000
Watching to see the second wave of dumps incoming across all markets.
Second round of dumps likely to start taking place as investors will look to secure Crypto gains near current levels. More opportunity coming across the board!