. There is a possibility of temporary retracement to suggested support line (144.25). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. Litecoin/TetherUS 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...
One year from now and all coins will get back to 2017 prices, BTC will worth $800 probably.
I will try to keep this updated and count the waves but you get the point here...stay safe till end of next year .
It seems that Litecoin has managed to get back inside an ascending channel after forming a double bottom pattern, with major and minor supports it is now looking to test the channel's top once again.
As highlighted we have had a macro negative trendline break which started an uptrend and now a double bottom setup finalising
The height of both of these gives us a final target at $270
However it will pullback on the way, the dashed lines being my other take profits and the small dotted lines being areas of resistance - evident as we bounced off $161
Here we go guys, setup we posted on 28th December has activated. I was in from the breakout of the green trendline slightly lower, and bought few more around 149 as the retest didn't quite pick up my bids which were closer to 146
This setup looks great to go to crazy targets of $270 as I will outline in my next post
However, in the short term all 1HR, 4HR and 1D...
Here we can see a major double bottom forming on the weekly timeframe
For this setup, I am waiting for a retest of that kneckline at 146.20 where I will enter
Also could buy on the intial break with TP at the first resistance highlighted where I would expect the breakout to reserve, the retest, succeed and push on
Keep this one saved as could be ready to play in...
Litecoin looks to be tightening up & i've entered a trade at $103 on the test of the ascending support trend line, a lot depends on how Bitcoin plays out so a stop below the recent low of $100.49 is essential. LTC/BTC pairing looks to have tested support so as long as BTC/USD holds up Litecoin should perform well moving into the next few days. Targeting the recent...