Litecoin is moving towards key monthly support in early Tuesday trading, with the seventh largest cryptocurrency close to a heavy technical breakdown.
A move below the $70.80 support level should provoke heavy selling, as it represents the neckline of a large head and shoulders pattern.
Momentum is currently with sellers and we are seeing the entire...
. LITECOIN/DOLLAR 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 support.
. The RSI is at 52.
. The price downtrend in the daily chart is broken, so the probability of the beginning of uptrend is increased.
. If you missed our first HUNT, you...
. LITECOIN/DOLLAR is in a downtrend but the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
. We have already...
Whilst cryptocurrencies look like they are recovering this week, using a wider chart we can gather a better picture on price. This analysis looks at LTC on the monthly time frame to gather a longer term view on price. Using fib retracement levels and the trend line it is clear that price is still yet to decrease to support level. Once price reaches this level, I...
In my opinion when price reaches the 95.000 or 89.000 the price should show signs of reversal indicating a possible bullish run. As you can see at the date 07/12/2017 prices made its bullish run from that point 95.000. Will history repeat itself?
Very controversial signs on the chart. I usually use the 4hr chart for swings.
Currently, everything is very neutral except the slightly bullish momentum which is now slowing as we are approaching the second half of the Tom Demark count.
While the cloud is nearly cleared, the previous TK cross is not in the favour of the bullish trade.
RSI is 50 and therefore...
Guys today we saw Litecoin selling off from the 50% Fib level. It is common for Algo s to sell off the 23, 38, 50 and 61.8% fib levels when the market recovers from a down trend.
This may sound chinese to you but just imagine the downtrend we had since december. A fibbonacci level is drawn from the All Time High to the Bottom of the retracement we saw. the levels...
Litecoin's ATH on coinbase reached around $420 in accordance with Bitcoin hitting it's ATH of course. It's mega bull run boosted it by 700% in 35 days. Charlie Lee and the Litecoin Foundation are prioritising the adoption of the coin and the number of platforms and merchant processors supporting LTC is increasing. As a result, I feel that once the cryptocurrency...
LTC is trading (consolidating for a while now.
We see a bullish flag forming since several weeks now. We are right at the tip of the flag which should in case of a breakout trigger huge upward momentum.
A breakout to the downside seems less favorable since we 've been forming higher lows since late december. Any break down would likly create a short lived spike...
Litecoin, LTC LTCusd
We are in scary waters for some.
With a chart like this i would like to share a very simple and easy basic analysis to figure out where we are in a certain market.
You can apply this strategy to any market you wish.
LTC olds up strong even with bitcoin dropping lower. We believe a strong up momentum will happen in the (very) near...
LTC/USD has crossed red decsending trendline and bouncing off green upward trendline which is acting as support. Also seems to be consolidating within yellow support area, should see upward movement from here on. However, if it does in fact break through yellow support area we may see a further fall to red critcical resistance zone and then a move upwards.