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Trading suggestion: . 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. Technical analysis: . 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 .
Hello Traders 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 Depending on...
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...
I’m expecting the 12:00 candle to pullback alts that have cantered along while main markets are closed
LTCUSDT is consolidating in a symmetrical triangle pattern. Breakout is imminent. Possible price actions are indicated on the chart
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...
LTCUSDT is testing the descending channel resistance + 0.618 fibonacci retracement level. Price action is printing the head and shoulders reversal pattern. Sell entry ⬇️ - breakdown below the neckline support. Target 🎯 - Support levels / descending channel support. Setup invalidation ❌ - breakout above the descending channel resistance
Waiting for LTC dip and re-test support at $100. Will long here for with aim of $120.
Bought a bag of Litecoin on this pennant breakout and retest, aiming for +50% profit with a target of $138/145 initially on the higher timeframes.