LTC rejected head and shoulders completion with a solid bounce. Seems to be forming a pennant - look for upward confirmation to the short term channel top ($47-$48) if it can break pennant resistance line
Price bounced from the uptrend line and RSI confirms price reversal. We have a possible buy opportunity. If the market breaks the top border of the descending price channel, we'll have a confirmation for further upward movement. Based on the local swing high from the hourly time frame, we can place pending orders for buy above 43.80 level. Stop orders must be...
The market is going to break the uptrend line and 40.00 support level. It gives a signal of possible downward movement in borders of the descending price channel. The support zone formed by 36.00 and 34.00 levels can be a possible reversal zone. If the markets reaches this zone, we'll have to watch closely for price action. This support zone is very important for...
Price dropped to the bottom border of a horizontal channel and the uptrend line from higher time frame. RSI is in the oversold zone and it's going to reverse. A reversal candlestick pattern confirms possible upward movement. We have buy opportunity. Entry level for long trades should be at 40.70 with stop orders below 38.90 level. Profit target should be at the...
If we look at the daily chart of Litecoin, we can see a trend reversal chart pattern. Head & Shoulders pattern gives a clear signal that the market is going to change the main up trend. If price can break the signal line, probably we'll see a downward movement to 20.00 - 16.00 support levels. It's a common price movement after a signal line breakout of H&S...
Price bounced from 40.00 support level and diverged with MACD histogram and RSI. We have a reversal signal based on a bullish divergence. RSI confirmed price reversal from the support level. MACD supports the upward movement. On the daily chart price is near MA50 which is a support line too. We have buy opportunity. In spite of a possible reversal chart pattern...
Price bounces from the uptrend line. RSI confirms price reversal. We have buy opportunity. Entry for long trades can be at 46.00 level. Stop orders must be placed below 43.50 level. Profit targets can be at 48.00 or 50.00 resistance levels. This is a short term trade. It's based on a reversal signal from the uptrend line. If price breaks the uptrend line, it will...
Price bounces from Tenkan line and RSI confirms price reversal. DMI confirms trend market conditions and allows trading. ADX line rises and it confirms a possible upward movement. We have buy opportunity. Entry level for long trades can be above 48.00 level with stop orders below the uptrend line and 42.00 level. If you want to trade in short term, profit target...
I wrote about a possible buy signal 2 days ago. The trading idea was based on signals from Moving Averages, MACD and RSI. This time I would like to show you a possible entry level based on Ichimoku indicator. If we look at the daily chart of Litecoin, we can see that the market bounced from the kumo and 35.00 support level. RSI confirmed price reversal. We got a...
Litecoin is one of the most interesting coins now. It dropped to the strong support level and MA50. We are in a possible reversal zone which can be good for buying. RSI confirmed price reversal from this zone. MACD histogram is going to support upward movement. DMI confirms range market conditions and we should wait for the beggining of a new price movement. We...
If you look at the crypto charts, LTC still shows an uptrend, while others have dropped significantly from all-time highs.
After several hours looking into why I didn't see the Litecoin pump, I came to the conclusion I was looking at the wrong charts. LTCUSDT and LTCBTC are not really that important anymore (and those were the ones I was looking at). The important chart is really LTCCNY, considering China is exploding in volume and the Technical Analysis trend is quite easy to predict...
On the daily chart price bounced from MA20. We got the confirmation of price reversal and a signal of possible upward movement. Based on the 4H time frame we have to find entry levels for buying. We can see the downtrend line which is a barrier for upward movement. It will be logical to open long trades if the market breaks this downtrend line. We can place buy...
• LTCUSDT primary targets $53 , secondary target $59 , likely to go to $59. Triangle breaking out should yield around $59 level; afterwards ABC correction.
Let's think about possible price movements of Litecoin using Ichimoku indicator and levels. We can see that price is going to pass through the kumo. ADX line of DMI indicator rises to 20 level and it can be a confirmation of a new down movement. If price breaks 44.00 support level, we'll be able to see falling to the support zone between 35.00 and 32.00 levels....
If we look at the daily chart of Litecoin, we can see that price diverges with MACD and RSI indicators. We have a bearish divergence which is a strong trend reversal signal. Probably the market will drop to the support zone between 35.00 and 32.00 levels or even reach MA100. MACD confirms down movement. ADX line of DMI indicator falls to 20 level and it tells us...