HELLO I JUST OPENED ANOTHER (2ND) LITECOIN BUY
PREVIOUSLY I HAD A BUY ORDER WHICH NEVER FILLED AT 6919
IM FILLED AT 7134
PREVIOUS ENTRY SHOWN IN THE CHART
READ PREVIOUS CHART TO CHECK THE WHOLE IDEA.
MOVING AS EXPECTED AND HOPING IT WILL CARRY ON
After the Loss of 10 Billion in the market, the final push towards the downside is on its way. After Litecoin lost its support we could be heading down to a new low of $44. This support is a very major level and i do believe we could even break this and head towards $39.
During the last month we have seen a drastic sell off in all crypto due to a massively over-bought market caused by Over enthusiastic and fake hype throughout the whole market with bitcoin -0.34% being the leader, in my opinion this sell off is now over with currency such as lite coin increasing by around $40 in the past week.
Due to news releases in both lite...
Guys today we saw Litecoin selling off from the 50% Fib level. It is common for Algo s to sell off the 23, 38, 50 and 61.8% fib levels when the market recovers from a down trend.
This may sound chinese to you but just imagine the downtrend we had since december. A fibbonacci level is drawn from the All Time High to the Bottom of the retracement we saw. the levels...
LTC is trading (consolidating for a while now.
We see a bullish flag forming since several weeks now. We are right at the tip of the flag which should in case of a breakout trigger huge upward momentum.
A breakout to the downside seems less favorable since we 've been forming higher lows since late december. Any break down would likly create a short lived spike...
Litecoin technical analysis for December 16 2017.
The bullish flag has been forming since a few days now after a very strong uptrend on litecoin.
Sellers have tried to make lower lows but we ve seen a quick recovery to higher levels. Since Litecoin is trading in a so called BULLISH flag formation and is currently bumped to the upper trendline we can expect it to...