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...
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...