I still believe this is an accumulation but might take 1 year more so I updated my previous idea, I believe we are going for a spring based on wyckoff accumulation. Altcoins on USD pair should see lower lows as well:
Rubbish dump. back in between premium and discount. swept the lows. taken the stops now move to top of the range and see what happens. two sets ups one now and one if we get a retest of (discount) bottom of the range.
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
. There is a possibility of temporary...
Litecoin is one of the most bearish assets out there last days. Since 15th of Oct. it didn´t even get above the BB mean. It looks compressed to the downside as much as possible.
Anyway, I think things might change. It is more risky trade indeed, but we can see:
- A bullish wedge in created on the 4hr timeframe.
- Bullish divergence on RSI and stochastic...
As we near the end of 2018 we could still be seeing new lows for LTC, 200MA looking to play flat for a few weeks, Lows for 2018 in my opinion have not been seen yet, 7300 sats is a true possible outcome. My start of year target could be in play with the like of ETF being agreed around this time in my opinion.
The same zones i stated one year apart are very...
LTC has hit its 200MA on the 4HR Chart and is looking towards 9800 Sats then a possible target of 10700 Sats, Broke out of the Ichimoku Cloud and is acting as a form of support, MACD has turned positive and are looking for more gains in the next few days/weeks.