I have been following this LTC/BTC coin for the past weeks. LTC has confirmed and found support on this trendline from the daily chart, and potentially looks like it will find support on the weekly chart as well.
Normally, it is safer to wait for this week's candle to close before taking a short trade on this coin - that is why I named the title "Aggressive". However, there seems to be a huge potential for this coin to retrace to the following support illustrated in this chart because of the crazy rally it had some days ago.
Position - Already went short from...
A daily chart which shows the resistance that ETH is likely to test. I have been long from $164, and believe we are going to test $300.
What do you think? Are we going to test and potentially break the $300 mark? Share your ideas!
So from my previous analysis on Bitcoin, we surprisingly closed above the primary resistance at $7788, and are likely to close above $8500 resistance this week, judging from the bullish and current action of Bitcoin. In turn, if this $8500 serve as support, then we may likely test $9990 as seen from my analysis.
What are your ideas?
LTCBTC has been holding quite strong despite how other coins have seriously dropped in prices. However, this coin has the potential to fall more based on some little technical studies.
We found this analysis on two measurements.
1. The 38% and 50% Fibonacci retracement levels: You will notice a support and resistance were formed at 0.00759 and 0.00985 on the...
The weekly timeframe seems to clearly show where the sellers are pushing the price of Bitcoin to. Or are we going to have a retracement to test the $5000 resistance area at the end of this week, as the RSI approaches the oversold region? Please share your ideas?