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...
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...
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...
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...
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...