LTC, one of my favourite coins, is clearly touching resistance currently. 6 previous times this price region has acted as a resistance and at least 2 times it acted as support. But these days you can just never know with LTC. Thats why I suggest a tight SL at $58.01 Target is $47 region where it can also meet the 200MA, but as I said, LTC is acting up lately so...
For LTCUSD to rise above 100 Usd it should have to close above 57.20 blue uptrend resistance level. Today litecoin can reenter in brown trendline but for continuation of rise it should have to break blue trendchannel. Other scenario ltcusd might turn back 47.50 blue trendline bottom.
LTCUSD is approaching our first resistance at 56.85 (horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 44.79 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see...
BTC Market Dominance looks to test lower as Binance Coin (BNB) and Litecoin (LTC) lead the AltCoin Market Capitalization higher and on the verge of a major breakout from the downward-sloping resistance trendline from January, 2018.
New experimental setup, another potential up move before cool-off.. enjoy! Cheers, Keops
Hi everyone! Litecoin is performing extremely well in this uncertain market: will it be an indicator for reversal or simply a lucky outlier? Let's look together the possibilities! First, I'd love to clarify that LTC is now at the same price it had when BTC broke the 6000$ level and suffered almost a 50% loss. Now bitcoin has difficulty to stay permanently over...
Reason 1: BTC uncertain/general sentiment a bit in question. Reason 2: we are up against major resistance on the daily chart (see chart). Reason 3: major bear div on daily chart. Reason 4: Elliot wave is either complete or we are approaching Wave 5 which is against my rules due to it being the highest risk wave to enter. Reason 5: price action in...
Guys, check it. Is this a MASSIVE Inverse head and shoulders forming? If we break this dotted purple line I drew, we are going up to 105 in a hurry. We should get a pull back from there and then another massive rally after that. LTC has by far been the strongest crypto in recent months in terms of movement. Watch this $65 area,if it breaks we are going up in a...
LTC USD are we on Wave 2 or Starting WAVE C?
Here LTC touches resistance in 3 forms 1. Red line in chart is major price resistance where sellers with high volume can come. 2. RSI is 70+ (Overbought) 3. LTC chart moving in a parallel channel and touching channel resistance. These are the most common and easy technical which all traders follow. If most of peoples of market follows these then we can see a...
reasons: -bear div on lower timeframes and daily -bear div on usd pair aswell -pumping on poor volume GL
LTCUSD is approaching our first resistance at 56.85 (horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 44.79 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see...
Looking at BNB on the 1D chart If you're looking to trade BNB be very cautious. When in doubt, zoom out. It wont go parabolic forever. Indicators: Price hitting single ticks on VPVR Many notches that need to be filled in VPVR 200 day moving average lagging behind parabolic price movement Bearish divergence in volume Money pouring in (OBV looking very heavy) Big...
Previously I posted a short trade for LTC following the November 2018 sell-off, but limited information invalidated the trade: Now that the range is clear we can prepare to short this market again. Here's the weekly view: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that...