Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (144.25). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/TetherUS 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...
Reasonably strong performance from Litecoin keeping to the 4h resistance line and climbing despite the falling EMA.
However expect that to be challenges when the rising candle hists the falling trend line.
The very nature of ltc is to pullback then rise.
Expect to see a rise past the 4 hour resistance to the $250 mark.
However, there seems to be a bearish candle trend on most coins.
ANALYSIS 🔎
- LTCUSDT brokeout above the symmetrical triangle's inclined resistance as expected from my previous analysis.
- The market is currently undergoing retracement.
- Price is retesting the symmetrical triangle's inclined resistance, fibonacci retracement levels, flip horizontal support and projected ascending channel support. Omo confluence choke 😂.
- A...
Hello to you all. Mars Signals team wishes you high profits at all times.
Litecoin touched the 230 dollar price but could not go passed it.
Our first scenario is that if it can not break its 230 dollar resistance, it will first be subject to falling all the way to the 188 dollar and if again the price is not supported and there is a high selling pressure it will...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (139.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/TetherUS LTCUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (143.60).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSDT 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...
As you can see we are going down for a retest then we should bounce perfectly off my line @ 150.0
I will be entering around 152.0 and start to take profits around 158.0.
ANALYSIS 🔎
- LTCUSDT is building up in a descending triangle pattern.
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the descending triangle's inclined resistance.
-Downtrend ⬇️: breakdown below the descending triangle's horizontal support.
TARGETS 🎯
- Uptrend ⬆️: horizontal resistance levels (R1, R2, R3).
- Downtrend...
ANALYSIS 🔎
- LTCUSDT is printing a descending triangle pattern.
- Price is testing the descending triangle's inclined resistance.
- We could see a rejection of the inclined resistance or breakout above the inclined resistance.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: Breakout above the descending triangle's inclined resistance and the horizontal resistance level...
I would like to see a small retracement into the significant box marked before continued upside into the target levels.
I will be attempting to fade the downtrend.
Litecoin is approaching it's all time high price so we could see some movement up before a correction back down to previous major support/resistance levels.
