Hi, Traders ! Monfex is on the air !
Litecoin is about to take a Long shot in the direction of H4 ascending trend-line.
* Litecoin had failed in an attempt to break above the H4 trend-line, spiking at $66 - just below our projected target:
* Increased volatility on...
Hi, Traders ! Monfex is on the air !
Litecoin stepped down to test from above the $60 broken high of the 9th of October.
* Litecoin (LTC) has been demonstrating a poor price dynamic over the past few months, compared to the rest of the market.
* But the Bulls have become active in the end of October, after breaking above most of the daily resistances.
* LTC is...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (59.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LTCUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Hello, Traders!
Monfex is at your service and today we overview LTC/USD.
The Litecoin team discussed the prospects for cryptocurrency after increasing privacy through the introduction of MimbleWimble technology. Despite all the risks, the creator of LTC Charlie Lee is still ready to finance the work.
Litecoin brokeout the triangle, tested the ex-resistance line...
The exchange rate seems to build a fractal around the MA curves. That's what I want to trade. If the assumption is correct, the exchange rate may turn north from $ 53.75. The primary target price for this increase is US $ 83.74.
Hi, Traders ! Monfex is on the air !
We see the short-term scalp idea on 1H Chart of Litecoin.
* Litecoin is forming up a 1H decline suspension pattern consisting of doji candles and inside bars.
* Supported by higher Volume on the tails, the pattern implicates a high probability of the price shooting up to the short-term descending trend-line, depicted on the...
Hi, Traders ! Monfex is on the air !
Litecoin lies in an attractive position: Long trade on a low risk is possible from here.
* Couple of days ago, Litecoin's crew celebrated the 8 years of network running with $500,000,000,000 worth of transactions registered during this period.
* A week ago, Litecoin made an attempt to break out of the consolidation zone, but...
After celebrating its eighth birthday, Litecoin is back under heavy downside pressure towards the $50.00 level, after the fifth-largest cryptocurrency failed to gain momentum above the $60.00 level earlier this month.
Both short and medium-term technical analysis shows that a breakout under the $50.00 level would be extremely bearish for the LTC / USD pair. The...
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