". There is a possibility of temporary retracement to suggested support line (51.40).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. LTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
- Breakout from triangle.
- MA's looking good.
- My entry was at $59: very early but turned out to be good.
- Formation of uptrend. HH & HL
- Bitcoin Bull Market: Noobs will buy into LTC either way if BTC keeps going.
LTCUSDT is retesting the flip support + 0.618 fibonacci retracement level as expected from my previous analysis.
Breakout above pullback trendline resistance + previous swing high could be a bullish signal ⬆️.
LTCUSDT pumped as expected from my previous analysis.
The market rejected the ascending channel resistance.
Price is approaching the channel support + fibonacci retracement levels.
Buy entry - breakout above pullback trendline resistance + previous swing high ⬆️.
LTCUSDT brokedown below the double top reversal pattern as expected from my previous analysis. The market retraced and is currently testing 0.618 fibonacci retracement level. Potential SELL re-entry at breakdown of pullback trendline support ⬇️. RSI trendline breakdown could be a bearish confirmation 🔽.
LTCUSDT brokeout below the trendline support as expected from my previous analysis . The market is printing the double top reversal pattern. Breakout below the neckline support could be a bearish signal ⬇️ ( retest of flip support + fibonacci retracement levels). RSI is also printing a bearish divergence signal 🔽.
If price manages to remain above my key level marked at 55, we will potentially be looking for a long position into the 80 region. Remain patient and allow for the market to show you its true direction before getting involved in a trading opportunity.
IG Client Sentiment states that 92% are net-long.
LTC has been a lagging behind the rest of the market up till now and if you look at some of the big movers you will see that they started out looking very similar, In fact this chart looks almost identical to ETH which has had a very nice run the last few days.
this may very well be the ground floor for LTC before the coming bull market, and a decent place to...
. While the price is above the support 22.50, beginning of uptrend is expected.
. We make sure when the resistance at 50.65 breaks.
. If the support at 22.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is...