The analysis shows that the exchange rate has left its pre-marked parabolic path. His rise slowed down. However, it cannot be stated with certainty that no further increase is expected. Indeed. The parabolic orbit may have an outer arc approximation. Currently a double fractal movement is built. Target price 156 usd.
Litecoin broke above this descending support line, an important move, but it did so without convincing momentum.
Had this Long setup ready to go if it made a decisive move, but although it broke out of the channel it did not hit the target yet.
It bounced off the 200EMA. Now hovering around the 100EMA.
Litecoin halvening is a few days away but it is generally...
Thus therefore the same must apply with Litecoin, don’t go buying on this noob’s TA; pure hyperbole and fantasy but it does indicate to me that the trend is upwards as LTC shadows bitcoin with a sneaky halving shortly make this an interesting presumption
Based on my analysis, two fractals can be identified. So far, the movement of both fractal tracks was similar. In recent days, the fractal path of the 2nd fracture is different. The exchange rate should decrease, however, it can build a level of support. Rising from this level, I expect acceleration. I note that the "curve" track forecasts have the worst hit...
LTC/USD put in a 5-wave correction down to previous lows which gave us an opportunity to take this long position.
Stops have now been moved to break even and this is a risk free trade up to the target of $154, with some resistance expected at the $150 even handle number.
This is a swing trading position however we are also trading this up on a day-trading basis,...
LITECOIN HALVING: SELL THE NEWS
Previous Litecoin Halving Price Rallied 700% 49 days before Started crashing 73%.
Current Litecoin Halving Price already rallied 500% Could it raly further and have another big correction like last time?
BUY THE RUMOUR SELL THE NEWS!
The rate moves to a rising trend channel. The trend channel direction is parallel to the ATR axis of the exchange rate. The ATR axis also rises. Therefore, a further increase is expected. Target price is the top of the trend channel 115USD.