LTCUSD correction after long entry. My previous analysis closely followed the LTCUSD movement. Therefore, my current analysis is based on the already familiar set of rules. In my opinion, the exchange rate has entered a correction phase. Fractal copying can still occur. The analysis shows that both fractals developed near the 200-day moving average crossings. You...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/US Dollar 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...
Litecoin, just like Ethereum is in a descending wedge and is looking for a breakout on at some point in January.
I predict a revisit to early $0.30 cents will be followed by a sharp reversal to the upside.
LTCUSD before rising 31%. The colored rectangles in the analysis show the fractal sequences of the exchange rate movement. The red rectangles represent the correction sequences and the green rectangles the ascending sequences. The thin light green rectangle shows the maximum ATR distances that can be measured during ascent. The following conclusion can be drawn...
Bullish Engulfing candlestick at an extreme pessimism is a good reversal signal. After observing this pattern on Litecoin, it is now set to rally up to at least 47.40 in coming days.
Expecting LTCUSD to make a big jump towards $180 mark
we still expecting LTC to go down before it goes up.
Level we can buy from are -
$23.75
$32.36
Target at@ $112.97
TP 2 @ $185.75
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.
....
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