Litecoin has been following the down triangle and is now being met with resistance at the 0.007000 - 0.007100 range.
As we can see there is starting to be a swing back to the upside starting.
On the 3hr chart we are looking for the reversal back to the...
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:
HELLO I JUST OPENED ANOTHER (2ND) LITECOIN BUY
PREVIOUSLY I HAD A BUY ORDER WHICH NEVER FILLED AT 6919
IM FILLED AT 7134
PREVIOUS ENTRY SHOWN IN THE CHART
READ PREVIOUS CHART TO CHECK THE WHOLE IDEA.
MOVING AS EXPECTED AND HOPING IT WILL CARRY ON
LTC IS MOVING AS PREVIOUSLY PREDICTED BUT BTC MOVEMENT JUST SEND HIGH CAP COINS TO HELL. MOST OF THEM GOT DUMPED HEAVILY LTC WASNT THE EXCEPTION
EXPECT TO MOVE DOWN TO POSSIBLE SECOND BUY AREA AND SHOULD PUMP BACK UP IS IN HISTORICAL LOW
COIN ITSELF IS PRETTY CRAP THO KNOWING THEIR CURRENT DEVELOPMENT OF IT IS LITERALLY 0 0!! 0 PLUS 0! IS NOTHING
SO NOT MANY...
2nd update with targets at green lines.
This chart fits the bullish gartley pattern with further confirmation if weekly chart closes as a doji at demand area. Would be a good area to long with a nice R:R.
Furthermore, this might be the weekly higher low for ltcbtc which mean an uptrend is in place if this bounce is successful with formation of a higher high (this...
Long biased. Just a quick explanation point-based explanation as to why
1) Bounced on demand block
2) Bullish gartley pattern seems to be playing out
3) Bullish engulfing on the daily.
However there's still a lot of resistances/supply zones above and that this is a major downtrend so do take note and trade safety.
After the down move we see the reversal and push back up over 0.0075 range.
Small sideways action over the evening but broke out as expected.
Expect larger moves to the up-side while bitcoin comes back to meet the trend line.
Target zone 0.0089 - 0.0095 range.
Target time ( 10 / 15 days )
Look for re-entry zones ( 0.007550 - 0.007680)
After the FUD by bloomberg in this news post we saw a large sell off in the LTC market with more short's pushing on the downtrend.
Looking back at Litecoin and bitcoin's past after halving events we see this sharp move to the downside followed by a parabolic move back to the upside.
Bloomberg : Search term ...
Litecoin block reward is dew to reduce from 25 LTC reward to 12.5 LTC.
Litecoin has been a very well performing coin this year with some good gains.
LTC is currently is sitting is a nice buy range with the upcoming block reward halving this will push the price of LTC higher.
Could this be the last time we see Litecoin in the 0.009 range and say hello to the...
So guys! I think an imminent rise is comig for LTC, based on a lot of factors:
1) It has reached the resistance that double bottomed on february,
2) Ithas just reached a bit below MA200 and bounced back
3) TRIX seems to be reversing, and the discrepancy between it and the MA is getting lower
4) RSI has just reached oversold, coupled with stoch, and is bouncing...