Litecoin has not seemed to benefit from the momentum seen in others like Ethereum. We have stabilized between $251 and $264. The Kovach OBV is trending up, but has tapered, reflecting the malaise. It could go either way at this point. We have support at $242 and $227 with a min lower bound at $209. On the upside, we have $280 and $291, which seems like a...
Litecoin has trekked upward, but it could not muster the strength to cross the vacuum zone and found resistance in the middle at $264, which we have added as a technical level. We are currently finding some support around $250, which is in a cluster of levels. Some other levels below, likely to provide support include $242 and $227. The minimum lower bound...
Litecoin has trekked up from lows at $209, where it has appeared to have formed a double bottom. There is a vacuum zone above current levels back to $280. However, current levels will provide some resistance, and we are playing close attention to the momentum around them. The Kovach OBV does seem to be edging up which is a good sign, but if it reverts, we will...
Litecoin has been ranging at lows lately, but $209 seems to be the lower limit here. We have tested this level twice and formed a double bottom. We have retraced back to $243, riding the sharp spike in momentum that we are seeing throughout the entire crypto market. We appear to be seeing some resistance here, but $227 will provide more support. If we can...
Litecoin has rejected our inverse head and shoulders pattern! This is a very bearish sign for LTC. It started to breakout from the neckline at $280, but this was swiftly sold back and we smashed through multiple levels from there to finally stop the bleeding at $217. We have broken the level constituting the head of the pattern at $233. This will provide...
Litecoin has been ranging but it is looking pretty weak here. We have support here at $242 and $251, and are continuing to feel out this range. We might have an inverse head and shoulders pattern forming, but the neckline needs to establish itself better. If this is the case, we could make a run for $291. If not, look for $227 to provide support. The Kovach...
Litecoin rebounded from uptrendline with strong bullish movement Price is based above key level at 243.00 Price broke corrective downtrendline Above SMA 100 MACD shows weakness in bearish momentum It's expected to target level 312.00
Litecoin has fallen sharply, and has broken through support from the initial selloff over the weekend. LTC has been afflicted worse than the other majors, which did not break the lows of the selloff. We do appear to be gaining some traction after breaching $242, but another wave could take us back to $227. There is a cluster of levels below down to $202, and we...
Litecoin had a massive selloff, after hitting our profit target at $322. It smashed through our prior target at $291, but found support at $250, after wicking as low as $236. We are somewhat in the middle of a vacuum zone at the moment, but $250 should continue to provide support. We will encounter resistance from $291 and $322 again before we can consider new...
Litecoin has met resistance just under our profit target of $291. While it looks like we may have been a bit ambitious with our profit target for the moment, we've been buying LTC on dips since $185, so we're still well in profit. We have a red triangle on the Kovach Reversals Indicator, confirming the resistance. The Kovach OBV is still very strong and may be...
Litecoin bulls can rejoice because LTC has refused to breakdown from our head and shoulders pattern. In fact, we have trekked upward to meet a significant level and former high at $227. We are likely to see some resistance here, so we might not be out of the woods yet. Sometimes it may take the second shoulder a bit to form. If we can break $227 solidly this...
Litecoin seems to be finding good support at around $190, just above our level of $185. We will have good support at $185, but if not, we have seen further support at $174. We solidly rejected $202 which was the next barrier. It seems LTC is comfortable with the range between relative lows at $169 and $202. We will need to break $202 before considering higher...
Litecoin has continued its recovery and smashed both of our profit targets and $184 and $195. Currently, it is at $198, just below the psychological level of $200. There is another technical level at $202 just above that. We will next face resistance at $209. A retracement would find support at $195 then $184 again. We still have a long way to go before we...
Litecoin got some support off $184, a level we've been calling out for weeks now. It has attempted a bit of a bull bounce here, but is facing swift resistance from the neckline of our head and shoulders pattern. It will take a serious push to break through this. However the Kovach OBV has picked up which is a good sign. Still it is going to take a bit to break...
LITECOIN is approaching strong support. NOW WHAT? LTC is overall bullish trading above our brown trendline so we will be looking for Trend-Following Buy setups as it approaches it. The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green, previous high, and brown trendline. (non-horizontal...
Litecoin has extended the right shoulder of our head and shoulders pattern and continues to range. It could go either way at this point, either maintaining the range of the second shoulder between the neckline at $195 and $209. If it gets a burst of momentum it could make a run for highs at $227. A breakdown would take us back to $184 or even $174. The Kovach...