What Halving means?
Halving is a term common among cryptocurrency miners – the process sees the reduction of mining rewards of cryptocurrencies slashed by 50%.
The halving is the event, the moment when the mining reward is divided by 2, is commonly called "halving". Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the...
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...
The LTCUSD pair remains under selling pressure on Wednesday, as the eight largest cryptocurrency by market capitalization struggles to rally away from the worst trading levels of the week. Litecoin buyers need to force price back inside the well-defined flag pattern to negate immediate downside pressure. The LTCUSD pair will likely come under further technical...
On LTC/USD we have reversal pattern (inverted SHS) which has been broken (neck line) and getting ready to climb higher. At the moment pair is breathing to the strong trend lines back (thich grey line). Until the price is above 35.77 is bullish until price will reach bearish Block where the pair can face a strugle. If price will manage to break and stay above we...
Litecoin has moved back under the $30.00 level after finding strong technical resistance from the $31.50 level on Wednesday. Before correcting under the $30.00 handle, the LTCUSD pair had gained close to thirty per cent in market capitalization since opening the new trading week around the $24.40 level. The MACD indicator on the four-hour time is starting to...
Potential for a long trade here on LTC after this pullback. There is some resistance at target 1 however if this breaks price could reach target 2 at AB=CD extension. On this chart I have incorporated the ZenTrend and Hoffman scripts for entry, stop and targets.
Litecoin ( LTCUSD’) needs no introduction. We will be looking at it shortly and going straight to the trade:
- We have a falling wedge , which is a bullish pattern .
- LTCUSD’ is now sitting at 2017 strong support levels.
- MACD curving up and bullish crossover.
Trade instructions for Litecoin’ (LTCUSD) by Alan Masters
Buy in: $50 – $54
LTC is close to its trend line which has been in a downward trend since 14th of January, we have two targets which are both marked in the (RED SQUARES). Litecoin has lost significant value since January but as we reach the trend line, a possible breakout is in play.
LItecoin Looking to retest the 200MA, at the moment this could be a risk as the market seems to be falling. But MACD has crossed slight towards buying power, RSI is oversold and LTC is ready to push out slightly, Holding a support of $52 which has held well for the time being, but it has been tested a few times of the last few weeks.