Litecoin after reached a low at $22.54, it increased in value %551.96 and established the high of the year at $146.95.
A possible head and shoulders top can be spotlighted as a major pattern, it is a 20 weeks H&S and some minors patterns have formed over the course of this major pattern.
During the last 11 days, the price has been inside a parallel channel...
This is what Litecoin did (LTCUSD) during the last bear market. Important support - resistance levels are matching.
However, if 7.5K doesn't hold 6k is still as legendary as it was 1 year ago.
On macro-level BTC is in no man's zone, but don't worry, corrections are something absolutely normal (in each direction).
HELLO I JUST OPENED ANOTHER (2ND) LITECOIN BUY
PREVIOUSLY I HAD A BUY ORDER WHICH NEVER FILLED AT 6919
IM FILLED AT 7134
PREVIOUS ENTRY SHOWN IN THE CHART
READ PREVIOUS CHART TO CHECK THE WHOLE IDEA.
MOVING AS EXPECTED AND HOPING IT WILL CARRY ON
LTC IS MOVING AS PREVIOUSLY PREDICTED BUT BTC MOVEMENT JUST SEND HIGH CAP COINS TO HELL. MOST OF THEM GOT DUMPED HEAVILY LTC WASNT THE EXCEPTION
EXPECT TO MOVE DOWN TO POSSIBLE SECOND BUY AREA AND SHOULD PUMP BACK UP IS IN HISTORICAL LOW
COIN ITSELF IS PRETTY CRAP THO KNOWING THEIR CURRENT DEVELOPMENT OF IT IS LITERALLY 0 0!! 0 PLUS 0! IS NOTHING
SO NOT MANY...
The analysis shows that the exchange rate has left its pre-marked parabolic path. His rise slowed down. However, it cannot be stated with certainty that no further increase is expected. Indeed. The parabolic orbit may have an outer arc approximation. Currently a double fractal movement is built. Target price 156 usd.
Based on my analysis, two fractals can be identified. So far, the movement of both fractal tracks was similar. In recent days, the fractal path of the 2nd fracture is different. The exchange rate should decrease, however, it can build a level of support. Rising from this level, I expect acceleration. I note that the "curve" track forecasts have the worst hit...
The rate moves to a rising trend channel. The trend channel direction is parallel to the ATR axis of the exchange rate. The ATR axis also rises. Therefore, a further increase is expected. Target price is the top of the trend channel 115USD.
Divergence on Volume and RSI as well as other indicators suggest the LTC uptrend is coming to a close. You could argue that LTC has been leading many Alts for the past few weeks and if that were the case we could see a drop or a stagnation in many Alts in the days and weeks to come.
Here we examine the potential A-B-C correction in LTC.
The dark blue count reveals a scenario where we head for another impulsive wave down.
The pale green count looks at a possibly finished down trend.
From my perspective, the dark blue count seems much more likely at the moment, though continued resilience at these price levels may lead to a commendable bounce...