BTC looks poised for a re-test of the $4,200 resistance zone.
LTCUSD is approaching our first support at 41.59 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 48.81 (61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding rise...
Take Profit about to be hit right at 2% for the day
Hoping for 45-46 to hold for support for a nice bounce
We can see how LTCBTC moving in uptrend. We touch top 3 time - this is patter called triple top - reversal patter. Also we can interpreted like head and shoulders - reversal pattern. But we in bull trend and this formation we also can interpreted like a impulse - correction(in triangle or horizontal channel) - impulse . But I think first we will go the trend black...
LTC is moving inside the marked ascending channel - but formed a H&S on the 4 hour. A dump is very likely here, having been rejected hard by the upper trendline resistance zone and after an ascending vedge has broken downwards yesterday. We could see a first leg to 41 - then a short bounce - followed by another leg to about 39. A breakout to the downside when...
LTC closed the gap to $50 zone confirming resistance. Now back under log down trend and retested for resistance, but look for confirmation on close of daily candle. $30 support seems reasonable target. Expect sideways breakout attempt here. // I am not trading this now, just charting. Will look for buy around $30
LTCH19, LTCBTC BITMEX BEARISH HEAD AND SHOULDERS
Ascending support and resistance forming for prices of LTC/BTC. Prices could be traded at any point the prices of LTC hits the support or resistance levels/ Upcoming Long positions to take is at 116-115 when prices of LTC comes into contact with the support levels. If you wish to donate, here are the addresses you could donate your coins to: Bitcoin Address...
Technical analysis: . Litecoin/Bitcoin is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 57. Trading suggestion: . If you missed our first HUNT, you have a second chance to buy above the new suggested support zone. . There is still a possibility of...
hey everyone, just thought I would post this... kinda too early to tell but its possible and I like it lol. we have to touches so we MAY be able to get something going... of course theres no trade for a long rn but if this gets another 1-2 hits inside the triangle I will be very excited! Thanks for joining us!
not much to say. LTC call was made JUST IN TIME. sorry guys. I was gunna post this before it broke down lol. got ready for bed... cause im 8 years old and I came back to it bleeding out already! Im aiming for the .618 fib for wave C which should be able to go down in a 5 wave move. good luck to everyone!
LTC likes IHS, I don't see one in the making. I do see H&S on multiple time frames. Lord have mercy on my soul and feathers, for I have become a sleep-deprived gambler.
looks good to me. only other option is a symmetrical triangle in my eyes. either way a short here would be slick I think. SL above last high maybe. Invalid if we pass high at top of Head. looking to short this and I would suggest doing your own research.
1. As we can see 21 EMA daily is still green, which indicates we are still bullish (Green colour) 2. Support is around $ 43. Be careful if the price is under $ 43, it will turn 21 EMA daily to red. (Blue rectangle) 3. The closest resistance is at the 200 EMA daily around $ 51 (Yellow Colour) 4. This bullish trend target is around $ 63-70 (White...
LTCUSD is approaching our first support at 41.59 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 48.81 (61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding rise...