Monfex is at your service and today we overview LTC/USD compare with BTC/USD.
It's a strong bullish pattern behavior like we see at BTC/USD at the left chart and now we have the same by LTC/USD at the right chart analysis.
Active Trade Signal by LTC/USD :
Buy zone ~ $ 58
Target ~ $ 64
Stop - $ 56,3
Share your thoughts, ideas about the market...
Hi, Traders ! Monfex is at your service !
Bearish flag is seen on 4H TF of Litecoin:
* Litecoin is in the upward sloping channel, which is likely to be interpreted as the bearish flag.
* Usually, many indicators show bearish divergence at the higher highs inside the flag. And that is the case.
* There is a possibility for the price expanding outside the flag...
Hi, Traders !
Monfex is at your service !
We have descried a hidden speculative Long opportunity on Litecoin.
Take a look at 1H Chart:
* We see 3 evident levels, where buyers were stocking up while the price was gradually capitulating.
* After that, the market entered into accumulation/consolidation phase, where Bulls were pushing the price up persistently...
LTCUSD has presented us with a brilliant looking trade scenario.
Price is trading in a pennant, and will eventually break to the upside or downside.
General rule suggests pennants of this form will break to the upside, but LTC may be due some downside to meet a key level, so we keep the possibility open.
If price breaks to the downside, 180 pips downside...
Double bottomed and oscillators showing class B bullish divergence on the 1 H.
Ltc reached the 0.382 fib level of the Fibonacci taken from 107 high to 62 low, some profit was taken on these levels and now we touched the 0.236 fib level for a second time creating what seems like a double bottom with a bullish divergence on the 1H.
Good entry point for taking...
Topological relationships are common in price dynamic structures. For example, in 2017, BTC has been replicating the volatility of 2011-2013, so LTC currently supports price topology within its 2017 price range.
with a bearish cross of the 100 and 200 DEMA a few days ago, and the descending wedge on the daily, it looks bearish for litecoin and a fall to the .786 is likely. So i'm short with a stop above the descending wedge
Litecoin after reached a low at $22.54, it increased in value %551.96 and established the high of the year at $146.95.
A possible head and shoulders top can be spotlighted as a major pattern, it is a 20 weeks H&S and some minors patterns have formed over the course of this major pattern.
During the last 11 days, the price has been inside a parallel channel...