The market could not break the resistance zone. At least in short term we have a bearish trend. Now we can see a downward movement and probably 36.00 support level will be reached. If so, this level will be good for buying in long term and we should do it based on confirmed reversal signals. For confirmation upward movement the market will have to break the...
We have bounced from MA 50 and we have a bearsh flag breakout. New TP is about 30 usd, which is exactly the level of MA 200 . Good Luck
RSI is at a critical decision point right now, as well as the support being tested right now as BTC is going sideways for the past 2 days. Possible to see another LTC sale, or a retest the $57 resistance
The price reached the downtrend line. We have to watch closely for price action in this zone. A new swing low allows us to draw a new uptrend line. We can consider this line as a signal one. If the market breaks below this uptrend line, probably we'll see downward movement to the previous low. But if the price breaks the downtrend line, it will be a good...
LTC has been following BTC trends recently... But i sense a change in the force is coming. This may bounce since we are in deeply oversold territory, All below 49 is fine in my opinion, Primary target 56, after that we go back to testing all time high in my opinion. LTC has a bright future ahead, if you want me to chart it more write in the comments. Be safe
Inverse head and shoulders possibly materializing. If we break out we are in for a run.
The price bounced from 36.00 support level. RSI and a strong bullish candle confirmed price reversal. MACD supports upward movement. ADX line of DMI indicator starts falling and it tells us that we should not expect strong downward movement. Based on this signals it's possible to open long trades and hold them in long run. But if you need confirmation that the...
The market drops to SMA100 and the support zone which is formed by 55.00 and 50.00 levels. It's good correction of the previous upward movement. In spite of all indicators confirm downward movement, it's possible to buy in order to build long positions. Pending orders should be placed above 55.00 level. Stop orders can be below 47.00 level. The main thing in such...
Decending triangle is pretty obvious, but every is tied to BTCs price here so keep and eye on it.
The top has been reached. The energy is gone. That's okay. When is the right time to re-enter? According to the analysis, we have a correction of at least 70 USD. 55 USD are also possible in extreme cases. Next we will see a sideways movement. There are two new targets: ATH at 100 USD and Fibo 1.62 at 140 USD. I see this in the Fibo time frame at 1.5,...
The price breaks the support line of a pennant chart pattern. We have a signal that the market is going to move lower. MACD confirms downward movement. The next support zone is formed by 55.00, 50.00 support levels and SMA50, SMA100. Probably this zone will be a starting point for a new upward movement. We should watch closerly for price action at this zone and...
LTC just broke support below $60. Los Angeles 8:41 PM. I would either hold or hold in cash, and set auto buys at lower supports. Long - Hold Short - Hold in cash until FUD is over and buy in small increments on different support levels. End Game everyone is a winner. Make sure to zoom out 5 years.
The price bounced from 64.00 support level. RSI confirmed price reversal. MACD supports upward movement. Moving Averages move in different directions and it tells us about range market conditions. ADX line of DMI indicator falls and confirms that the market consolidates. Based on the previous highs and lows we can draw a triangle chart pattern. Triangle can be a...
It took Ethereum a minimum of two months to make a full comeback from it's initial high. That does not mean that it will take Litecoin that long, but I just want to point out that even though Ethereum had quite a dip, it still challenged the previous high and made a strong comeback. Same thing goes with Litecoin, just because we don't see an immediate challenge of...
Up from here hopefully, albeit very slowly.
LTC is still bearish. Los Angeles 9:08pm. LTC is still bearish as the price action sits under the kumo. In order for LTC to grow, need BTC to be stabilized.
I wonder if there is any kind of correlation to the pattern style of Ethereum's high to the major consolidation of 145. If there is this would mean that my further litecoin consolidation idea is viable www.tradingview.com