LTC is struggling a lot now, because it is in a very strong zone, the 38.2% fib retracement. A drop to U$ 44.50 is acceptable, but beyond that starts to get dangerous. As I said in my previous analysis, I’m still holding some with me, and I set a stop-gain at my entry point. We are still profiting, as our trade is still going fine.
Check my previous analysis...
Litecoin has formed a big symmetrical triangle, it is likely to break out to the upside
A descending broadening wedge is also present, a bullish pattern
As above.
Just one of the few simple and not surprising observations one may find of interest for those looking to help with long term outlook/long term trading strategies using the 1W BB chart.
The 1W LTCUSD chart with BB is pretty telling of the start of a major uptrend if the price action happens to move from below to a point above the middle band/moving...
So LTC reached its first challenge and now is struggling a little. If it closes above the 38.2% fib retracement then it’s a good sign, but I don’t know if that’s going to happen. I’m still holding some LTC, in any case, because I think it’s time to manage your position. Look at my first call on LTC:
As I said in my previous analysis, I already sold half of my...
Hi guys! After strong growth, Litecoin flew down. support level $ 45 worked fine. The price rebounded and held at $ 47. If we start to draw a descending triangle, then let's go down.
Entry along $42 -- $41.77 support + 3-year long uptrend + 100MA holding the price there
Target $48 -- will 1st touch and close out the valley
Stop loss $39
This isn't a day trade
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The chart shows divergence.
If the price drops below $ 48.1, then the decrease will continue first to the resistance level and then to the support level.
Otherwise, if the price is fixed above $ 49, then the growth will continue to $ 51.
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This analysis...
We see that LTC is going very well now. It surpassed the previous top, which is coincidently the 38.2% fib retracement, and if it closes above that level, is a very nice sign.
I sold half of my position recently, but I’m thinking in keeping some LTC for a while. So far, our trade in LTC is giving us a 12% profit, and considering we did some amazing trades in BTC...
Hello, Traders Investors And Community, welcome to this analysis about LITECOINS current price-action and what we can expect from the next days, hopefully, everybody is doing well in the current market environment. As we saw many major cryptocurrencies forming new highs that exceed the previous ones we saw cryptocurrencies like LITECOIN struggling to form a new...
Hello guys!! Litecoin started to gain bullish momentum on day 28 of this month rallying from 43.500 all the way to 46.500. Now i am looking some retracement for better entry. Lets see how the price reacts to support levels!
Hi guys! After the preload, Litecoin stepped up from the side corridor. Double tested the resistance level of $ 46.8. Draws an upward local triangle. If the price is pressed against the resistance level, it can quickly break through. If the correction reaches $ 0.5, then it is better to look for an entry point from the support lateral line in the region of $ 46.
Looking at Litecoin's all time high vs point of control (price range with most traded volume) we may be starting to see what we've been a part of for the past 4 months.
Look at those perfect support/resistance lines lining up with the fib levels.
Given the weak rally we're seeing on Litecoin at the moment I think we've got a delicious shorting opportunity here.
