For LTC, the start of halving, as usual, led to the weakness of buyers and the strength of bears. We have come to a global zone of interest, in this zone it is worth considering purchases. I expect a reaction from the 0.618 level. On smaller time frames, we should expect divergence signals in the form of a formation on the chart, this is what the market movement...
- aria bayer
- 2 August halving
- buy now and sell on August 2nd.
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Technical analysis on Litecoin shows a bullish trend, now the upward setup is starting to gain strength, I expect a stormy start next week.
The price of LTC needs to close the imbalance at the level of 105$.
On the histogram, the divergence confirms the Fibonacci setup.
Based on previous halvings LTC should be in a very bullish period for the next 2 months. Of course if SPY and the big boys start to tank this would be voided so need to keep an eye on SPY/SPX
Halving expected August 5.
Pattern all-ready complete
Breaking out of 6 Months Consolidation.
Daily Ichi Pivot.
Macd showing up
RSI showing up
Constant Higher lows in this Bull Flag
If Volume continues to rise we can fill the liquidity gap till 140 quite quickly.
