While very bullish long term LTC, currently favoring a correction...this run looks a bit overextended - case of too much too soon....yes a run to .02 in the very near term is possible given the newbie euphoria around halving....but caution is warranted
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Price reaching our first resistance (horizontal swing high resistance, 100% Fibonacci extension , 50%Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 50% Fibonacci retracement ). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries...
LTC Short. Entry price: 137. Stop Loss: 140. Target: 130.
Currently waiting for lowering the price for up to 106, but in the case of the passage of this resistance, we have a good growth
On the weekly chart, Litecoin/BTC pairing on Binance seems to be forming a double top formation unless litecoin pushes past the resistance zone.
Likely due to the halving that's set to occur in August I believe.
Litecoin will hit 400 USD between 19 and 20 Jun.
nice position for LTCBTC do not forget about SL in 0.0108
Signal LTC/USD; SHORT (Okex, Huobi, Kraken); Sell 127; SL 133 TP1 101,5, TP2 94,6 Risk/Reward 1/3.8, 1/4.9 We see divergences on 3 indicators and decrease in volume on growth. We want to take a local decline with a short stop.
Hi Guys! We are sure many of you already have heard about halving of LTC this year. It will happen on the 5th of August 2019 . The last time we were weeks before halving the significant rally appeared. It happened in 2015 at the beginning of May. In that time we were just a couple of weeks from halving. Those who invested could gain 470% within just...
Possible moving of #LTC based on Cup and Handle pattern. #LTC broken up the 120USD resistant turned into support, without testing it, so its highly probably a pullback to 120 then move upwards.
Price reaching our first resistance (horizontal swing high resistance, 100% Fibonacci extension, 50%Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 50% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin...
Have a great day all!
It is looking like we are about to have:: A golden cross with the 200 and the 377 MA's OBV is still forming HH HL while the previous ATH "resistance" on OBV has now been back tested and flipped to support on the macro tf We have continued expanding bullish volume overall on the previous large pumps - a sign that demand is increasing I'm flat, not trading this yet...
What's coin on guys? A couple of indicators are pointing LTC correction is on the way. 1. Price action combined with fibs has gotten LTC right in the golden pocket of previous range (61.8 – 65%) 2. Daily RSI bear div 3. Daily histogram bear div 4. Volume div 5. Top of the raising channel resistance 6. Rising wedge 7. BTC NVT still burnin' red 8. Market sentiment...