Litecoin Analysis - 22 January
Litecoin as key level. Possible scenarios to look for. $LTC. Break this level possibly drop down to $95 level. Hold and accumulate here lead to bigger move up. COINBASE:LTCUSD
Litecoin gained major uplift yesterday and has been on the return journey to retest the previous breakout region. We should see a major bounce as it is currently seating on the 50 EMA.
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LITECOIN is having a good time. But will it last? As you can see, LTC is now trading inside two red trendlines forming a rising channel. As it approaches the upper green resistance, LTC has to decide between these possible scenarios. 1- Reversal: The lower red trendline is not valid yet, so for the reversal to be confirmed, we need LTC to form a third...
Litecoin has broken out from its ranging, but not to the extent of Ethereum. It still has quite a way to go before new highs, or before it even matches relative highs. Currently, it is facing resistance from a Fibonacci level at 167. We are likely to have some troubles with this level and may retrace back down to find support at the next level at 151. After...
Litecoin Analysis - 17 January
Litecoin has tested the 145USD support level, it is on its way to complete the double bottom continuation then it will probably break the 154USD level. That will give it the momentum necessary to reach 161 USD resistance. The stochastic indicator is currently in the oversold area, choppiness index is on its way above 61.67. Last time this happened on the hourly we...
Litecoin $LTCUSD appears to have completed its ABC correction (Wave 2) with the break above B at 146.80. This means we are starting Wave 3-1. I dont have enough data to indicate a target for 3-1, but previously 159-166 or so provided both resistance and support so we can expect those levels to be reactionary again. Wave 3 then would be targeting 219.23 (which is...
Litecoin looks like it is consolidating further after the retracement it suffered with the rest of the crypto market. It looked like an inverse head and shoulders was forming, but this now looks to be a flag. Either way, it appears to be the fourth and final stage of the dragon head pattern, and we should see a breakout after this. The fourth stage is...
Litecoin has extended our the corrective phase of our Elliott Wave corrective impulse. It has extended past wave 2 at $124 to find support at a Fibonacci level below at $117. This has invalidated the wave rendition and is usually a bearish sign. However, we appear to be finding support at current levels, and even appear to be forming an inverse head and...
Litecoin has corrected quite hard, harder than most of the other cryptos. This should be considered a buying opportunity. This does appear to be the corrective segment of a 5-3 Elliott Wave. If support at $130 does not hold, we should have support at $124. If it dips any further, this will invalidate the pattern entirely. Once we get a burst of momentum, this...
Litecoin Technical Analysis 28 Dec 2020
- Litecoin si currently breaking out of the trendline established since 2017 - This is a huge milestone for this coin and also for altcoins space - There will be a lot of traps on the way to the upside, but i think we can go to new all time highs - Bears failed to defend the major trendline and now they can be liquidated in their short positions - Huge alt season...
Litecoin is currently breaking out from this Head and Shoulders pattern. Also the trend line is broken, which is of course positive. 61 USD is a basic target for this pattern. Please, hit the like button and follow me for more of these ideas! Also, check my signature down below ↓