Litecoin has just taken a massive beating along with bitcoin. The steep selloff is reaching oversold conditions and likely to make one more lower low... This lower low could mark the end of a larger 5 wave impulse move down... After which will resume to bull market with a target that is at the very least equal to wave 1 (about $370), likely 1.618 times the length...
Litecoin rejected off the 55 EMA daily on it's first attempt to crack it. The smaller EMAs (8,13,21) are the next line of support. From here we will hope to retest the 55 EMA. Just a waiting game. If things go sour over the next week then there's a high chance to go back to the local lows near the end of the C wave.
Litecoin has hit a resistance point. If I was playing the short term game I would sell right now. I gave signals to buy at 68, 65 and 62. If you bought at any of those price points and sold right now you would walk away with a pretty good profit. If LTC goes over my resistance point decisively I would jump right in again when it pulls back to the 61.8. The point...
Litecoin looks set to continue in its downward path. After a pullback to trend line resistance and bollinger band on the 4hr time frame a doji bar has been posted showing market indecision. With the market being overbought we are now looking for bearish price action to the lower end of the descending wedge.
Litecoin after reached a low at $22.54, it increased in value %551.96 and established the high of the year at $146.95. A possible head and shoulders top can be spotlighted as a major pattern, it is a 20 weeks H&S and some minors patterns have formed over the course of this major pattern. During the last 11 days, the price has been inside a parallel channel...
Litecoin (LTCU19) is looking bullish for me... We have the bullish divergence on both MACD and RSI and a classic chart that can lead to a strong bounce up. This does not mean that LTCU19 will or must move up, but that the signals are pointing there. That's why you need a plan if you decide to trade. Always remain open to all the great results that can show up,...
Litecoin is approaching the Quarterly Pivot and maybe due for the next Major Support, where we have to wait and see if it´s enough to make the reversal for LTC and guide it back up to bulls-zone above $100. Formerly mentioned the $60´s are possible, I wouldn´t wonder if we close a 3D further below. We have changed from a weak uptrend to a weak downtrend on...
Litecoin seems to have accepted these two supports, breakdown-level and diagonal Trendline 1 coming . Even if we are overcoming this 3D-Trendline 2, the big hurdle to take for a bullish turn remains the magic mark of $100. I personally would not play games here with Bitcoin´s rising dominance. Even if there are bullish signs here, the volume remains decreasing,...
Litecoin is currently trading between 2 support and resistance zones, roughly between 88 and 108. The top of today’s candle touched the 100 EMA but the fast 21 HMA has started to turn up. Also, the fast squeeze indicator has turned green and the slow squeeze has turned dark red, a sign of a potential upward move. We’ll see if price can break and stay above $100...
Litecoin has reached a true Hot-Spot, where one could probably say the near future of LTC is written in this area. I am going to keep a close eye on this development, simply cause it can influence the entire market. This could be a bearish retest of the former leadline (or a dramatic break-out). Also, SMA200 is in a direct way including the falling trendline since...
Litecoin is the only one of the typical altcoins that can trigger movement, that has reached the former breakout-level as support. Same patterns as Bitcoin, and Ethereum. I am closely watching this Chart, on 3D it is clearly visible, that we should not break this former levels downwards, on H6 it looks also like a potential Adam and Eve that is pausing right now....
LiteCoin failed to break through the major cyclical resistance derived from the top (in light green), and is now falling back down to re-test support (in blue). -It is now time to stay alert and look for bullish price action on the lower times frames to go long with a SL on a closing basis below support. I will keep this post updated for a potential long entry. ...
Litecoin H&S completed; next support at $64 This is what you get for buying a shitcoin. Get rekt.
LiteCoin USD is DAILY Bearish, 4-Hour Neutral, and 1-Hour Neutral
Litecoin - Reverse Symmetrical triangle, Volume, August Halving
Litecoin (LTCU19) just had a strong bounce after a steep decline and managed to break with good volume above EMA5 and EMA10. We have two strong green candles. The RSI gaining momentum to the upside after hitting oversold. And the MACD printing a bullish crossover. We've drawn multiple scenarios on the chart above. The GREEN arrow represents the...
Litecoin Triangle Breakout Very Soon...
Litecoin in a potential important area. Would be bullish if it can break above and hold the .013 level. Next resistance above should be around .014 and larger resistance around .0155. But I expect .013 should provide some pretty solid resistance, so I would be very cautious of a pull back to the .011 level which is first support. Below that next support is around...