Huge gains would be coming for LTC if it can manage to break out of its LTCETH falling wedge. Either that, or ETH fails as a whole and completely tanks... highly unlikely but anything is possible.
Bullish divergence on the RSI and HUGE bullish divergence on the MACD. If we start moving upwards, it will be interesting to see if the RSI stays within the red channel.
I have watched this for years.
I have continued to be more of a fan of Litecoin and made some juicy trades no thanks to this chart.
We have lots of ETH killers nowadays running around.
We have entire ecosystems all fighting for something.
Everybody wants to be the next ETH.
I prefer to just be my own lite coin.
Not watched by many.
I come out of the dark when I...
The ETH/LTC pair is currently showing us Hidden Bearish Divergence at the 1.618 Fibonacci Extension after previously breaking below the trendline, and the next likely level is all the way down at 1.67 as there are no other major support levels to hold once it really starts to break down.
With a fast-closing wedge from within #LITECOIN against #ETHEREUM we can see a breakout coming within the next couple of weeks - which way is the big question!
With a strong Sell signal coming from Crypto Tipster v2 we're inclined to suggest a downward trend, but we wouldn't be pulling the trigger on this one until that wedge is broken one way or the other!
If...
LTCETH has traded outside of the Boundaries of a 4 year wide Falling Wedge Pattern after giving us 3 distinct waves to the downside within the wedge and Bullishly Diverging on each wave down. Now we can see LTC breaking above the moving averages on major timeframes where it can now begin to make 3 major pushes up.
Given the nature of how Altcoin Pairs work in...
We have all talked about the LTC/BTC bull div, but LTCETH is definitely a pair with confluence that is forming a powerful setup during this timeframe. What does this mean? When the divergences play out, it will be LTC with large gains simultaneously against BTC and ETH. I believe this would occur as the denouement of the current bull market so this in my view...
LTCETH moved in the parallel channel and now, the price breaks down the channel.
please note how the price fell rapidly and severely before the consolidation zone as a ascending channel.
So, we can see this parallel channel as a flag pattern and we expend further downside movement.
Hi
LTC in alt session have a huge huge pump to 1000 Percentage and much more
you can laugh at me but i Recommend to you just if you have enough ETH Buy LTC/ETH just 0.02 of ETH
i gana start bitwin 1 to 3 month later.
Good Luck and have nice life.
LTC/ETH this is putting LTC against Ethereum performance. As you can see, LTC is barely keeping up with ETH during all the days in the past. LTC is not outperforming BTC or ETH therefore, while the opportunity persists, I wouldn't hold any LTC. Ethereum is a better hold currently due to its volatility.
ANALYSIS 🔎
- LTC/ETH has been resisted by the long term descending trendline resistance since 12th June 2019.
- Price is testing the descending trendline resistance (circled zone).
- After three breakout attempts, we could be on the verge of a successful breakout above the descending trendline resistance.
- Key horizontal resistance levels have been indicated on...
Nothing more to add.
Of course the idea does NOT sound very convincing with one new low after another.
But that is exactly what ETC did on the ETC/BTC pair. One low followed by another one, and at the end of it a !! x10 !! pump occurred.
This LTC/ETH chart behaves similar to the ETC/BTC pair right before the break out.
Wassup, wolves🔥
There is a ready to trade formation for you!
The price is slightly falling on a bigger frame.
It could be a good signal for bear-traders.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
However do not rush the trade and look for breakout.
There was a bearish fakeour already.
Follow the chart...
Been in a solid downtrend as ETH prices surge.
We can possibly see a reversal as it hit the bottom four times and the recent moves are forming higher lows.
The closest resistance are marked as the white lines.
Could be a good accumulation zone within the orange box.
