Like i said in my previous TA, bounce from support was not supported with great volume, and over time descending triangle formed and it pushed price bellow the support line, great for SHORTing. now we have a new formation, that could be a downward facing flag and we could see another corresponding dip.
LTC broke channel and will hit major support, wait for conformation, if it bounces up again we will see steady growth over next week, looking at RSI and MACD is also neutral. if not new bottom support will need to be found
A very good setup, multiple signals shown on the 4 hour chart, MACD about to golden cross, ascending triangle, risking 10% to gain 45% isn't bad but considering the current situation that BTC is in, I will only risk 10% of my crypto portfolio on this trade. TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.
A breakout above the the trendline can save LTC.
Congestion on ETH and BTC networks is driving consumer confidence in LTC to move between major ALT exchanges and fiat.
LTCEUR Preparing to Follow BTCUSD Up. LTCEUR is about to leave stable past day channel and move upwards with BTCUSD.
LTC/EUR is currently struggeling to go over 260€ - good buy-option. I think it will pass this line really quick and will go straight to at 300€+. The targetcould be between 360€ and 440€.
The correction is soon over and when it is, we will see Litecoin move to new heights
KRAKEN:LTCEUR Let's wait about next 2h and see whether my assumptions holds. Note: this only my personal opinion, not a financial advise.
LTCEUR showed a nice advance in the previous days. Looks like the run is over for now. Looking for a higher high to 300 - 325 (distribution), then a drop lower to 225 - 200 (mark down).
Double tested that support, quite a solid one. KRAKEN:LTCUSD
LTCEUR to Correct Near 90D LR & 60D SMA, Then Continue Bullish Trend. In line with 90D LR. Big correction incoming. Hold on.
Looking at the 2h chart, LTC/EUR has recovered from the cryptocurrency flash crash of some days ago (after a clearly visible reverse head-and-shoulders) and is now consolidating at around 86€, exhibiting a bullish continuation flag pattern. If price was to break past the resistance at 87.8€, the price could test the 100€ level (probably going higher, but since...
Litecoin has made a fast movement up to previous high and just completed a Bearish BAT pattern. We allready have RSI Divergence so now we´re just looking to get RSI confirmation. The aggressive trader is allready bearish but I´m w8ing for RSI to break below extreme. Also, with the RSI Divergence, just now, we have a double top confirmed.
Looking at the daily chart, LTC/EUR is currently testing a resistance level, shown both by the Fibonacci retracement drawn using the top on Sep. 1st and the bottom on Sep. 15 (it would be the 71.14%) AND by the Fibonacci fan extending from the Sep, 15 minimum to the local maximum of Oct. 15. If the price manages to break past the 72€ resistance level, LTC could...