There is still uncertainty in the market regarding China; however the MACD histograms are becoming shorter, and the MACD slope is turning positive on the day chart... So this could be the start of the next bull rally if BBands tighten and we flip PSAR bullish on the day chart. Also we broke the red Gann fan so it makes it more likely that we left the down trend,...
Currently in channel between roughly 75-85; this will likely be our consolidation zone once we are done, we will likely go and try to test 93s again, but first we need to break and stay above 85s. Gann fans are almost ready so we may start to move towards it soon... if not... we will consolidate on the 4hr chart until BBands tighten up and PSAR flips bullish;...
LTC has a habit of moving up 14-15 dollars every major move... if the trend continues this is what the next few peaks may look like.
Once Stoch RSI is ready we'll move up on the day chart. Entry on the lower dashed lines is recommended. Bottom of correction should be between the 39-41 range. Keep in mind that LTC has stronger fundamentals compared to most altcoins. It is technology that has been proven and tested, it is 8 years old, it is just as secure as Bitcoin because Litecoin has never...
Only a matter of time until we break the 8/1 line and go for a new all time high, that line is creeping up on us. The LTC/USD day chart is one of the most healthy trading charts in the entire market. It goes up consolidates, builds support, and then moves up and repeats. This type of healthy long term price movement is observed only in the strongest markets. LTC...
Rally confirmed on the day chart; we'll have dips along the way... Basically every time we hit a critical resistance price level we'll come down a couple of bucks. There are ones at 48, 51 and 55; if we break all of them prepare for new ATH.
This is based off trend analysis, price action, gann, and price history. If the 34-36 hold we go up fast, just like last time. We have already tested for support twice around the 33-36 range; if that range holds on this retracement support at those levels will be confirmed; and we can finally move up. Now... there is lots of FUD surrounding BTC that might effect...