A quick analysis on the history of the 200d EMA. I'll have to zoom out to show what I mean entirely so get your reading glasses on. Basically, I see that last time we had a significant bear market it ended with LTC rushing up and smashing through the 200d EMA, then settling in a pretty boring range for quite some time. Even Charlie Lee said he could foresee a...
Sorry not sorry for the Dora the Explorer clickbait. If what I see here is a true INV H&S, we just broke the neckline not too long ago (relatively speaking). I don't know how far out a H&S pattern can extend before just being a coincidence, so I'd love your feedback. I mean, what if this gets us to that 4:1 LTCBTC everyone used to talk about. People are already...
A bullish gravestone doji candle has been spotted on the Litecoin weekly and monthly (mid-term, long-term) charts. The bullish gravestone doji: price opens and closes at the low of the day. This represents the bottom and a major support level which bears failed to break on these timeframes. The gravestone doji is bullish when it occurs in a downtrend, and bearish...
There are some bullish divergences. RSI is going up while the price is going down, we have a MACD cross, and something that looks like an inverted Head & Shoulder on the weekly chart (long way to go for it to be confirmed, though).
Wow. I don't even know how to use fib time tools. But look at how perfectly LTC is going up after my vertical blue line. It has me bullish. I feel like I said somewhere a long time ago with my time tool that crypto would be bullish mid september. And here we are. Also note my double bottom (underlined bright green), my near term support and resistance levels....
I drew lines on the MACD a loooong time ago. Not tooting my horn or anything, just exciting to see. This, combined with the nearly oversold RSI on the WEEKLY timeframe has me feelin good for the last part of 2018. 9 months since we have had a bullish MACD cross on the weekly, and we're just about there. Everything is turning up, just look at doge as your bullish...
If support fails I expect losses will be heavier than many people think. Support levels are shown. Grey parabola seems to indicate bubble.
Keep in mind litecoin is traded on all major exchanges and is, besides bitcoin, the longest surviving cryptocurrency. Furthermore, there is no other coin with such a dedicated team of developers and organizations backing it in. I dare say LTC even has a more serious and dedicated "team" / "supporters" than bitcoin because the community isn't as splintered and...
So yeah I'm a noob with the charts and you could say I don't know anything, but I still like to find potential patterns, and I see a potential bull flag that has taken several months to form! If I know anything about bull flags, when they break out it could lead to a 4.2k litecoin. No timeline can say when that will be, but I'm just showing what I'm seeing.
Litecoin - End Of Year Price target: 500-1K (USD)
I was looking this morning at this chart at the nice 4 green weekly candles in a row. Then just now I looked back at the last time that happened. The last time it wasn't near the end of a big bear market (my opinion personally), mostly just a sideways market. Given the position of the current setup (which is at the breaking point of leaving a long down trend line)...
Ltc short term target is 120eur (150usd). EP is asc triangle break at around 113eur. SL is at fib 0.786. RSI and MACD are neutral so both scenarios are possible. Wait for higher volume.
138 Is going to be resistive in this bull move. I circled in pink what I see as a double bottom, and will complete if LTC can break through above 138. This will make a higher high confirming the start of an up trend, and also confirm a breakout above the double bottom level I drew. Still a noob with the charts here, so compare my TA with others, look both ways...
fly chikun, fly high! a close below red line: sell and gtfo!