Accumulate ltc down here We're at support and good risk to reward
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (185.9). . 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 an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (185.9). . 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 an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Looking for a bounce off the .5 fib or the .618 level, which is roughly around the next local support. I will be looking to catch in on the way back up to our resistance area. Should be a pretty easy 30% gain.
The price action has had two rejections at the 165 support area. We are in a third descending channel, headed for this strong support. If it holds and rejects, I will be buying on the way up, with a sell target between 185-190. But really, this is crypto, so who knows. Waiting on daddy BTC to call the shot. Trade safely. This is not financial advice. This...
LTC approaching channel support, possible opportunity for long position.
This is just a chart idea I made before the fan broke out. I decided to publish after the breakout came. Lite coin had a bearish and bullish case, which is shown with red and green arrows. The Bullish case has played out. Short term target is in the low 170s. This will be my first potential short area depending on the price action. This is not financial...
Litecoin daily chart we have possible symmetrical triangle. Sym. triangles can be trusted with 5 or less contact points, so we have 3 at the bottom and 2 at resistance. A breakout through resistance confirms sym. triangle and open objective to $240 or daily pivot. PS. First confirmation of breakout can also be the break of descending dashed line. Breakdown of...
We continued to the downside, contrary to what I was expecting. So now we are looking at the weekly chart. This is just another iteration of my previous ideas. This time, you can see the levels of resistance and support align with the fib levels. This retracement has gone deep into the gains of the last impulse. The Chart shows a potential for continued...
Looks like a mini IHS could play into the larger HS shape forming. This is just a chart idea. This is not financial advise. This is for my reference and record as a hobby trader.
1M candle. Mid channel target shows approximately 800$
sharing this cause its interesting that the rsi and price action is holding at the neckline of this larger shape in play.
Here is my first example of this concept put to practice. The final leg of these 5 points coincides with a large area of support. I hate to say bottom is in, but I am optimistic. The rsi is well neutral in all timeframes. Is the correction done, or will there be more blood? only time will tell! This is not financial advice. This is for my reference and...
The Analysis has been done over daily and hourly Chart. Market is respecting Zone-1. Relatively sellers volume and rsi decreasing. Lets watch market towards resistance. All the best!!
Litcoin will go up because make it a zone to support for up zone. above 327$ will get 377$ then 400$ ------------ my last idea about LTCUSD:
Price is moving within the descending correction leading up to the area of interest we marked out last week! Keep a close eye on this one!