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Litecoin / Bitcoin
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Litecoin Hits Support, Potential Bounce Zone

2727
Litecoin (LTCBTC) has hit the 0.786 Fib. retracement support and is now trading just above EMA100, sitting on a great spot for a bounce, but there are a few things to take into consideration first... Feel free to hit like now and let's continue with this analysis:

  • LTCBTC has been showing huge momentum on the drop, so it can still go a bit lower.
  • If EMA100 doesn't hold (daily candle closes below it), then you can expect for EMA200 to be tested.
  • If EMA100 holds as support, we can expect Litecoin to bounce and start a new wave up.
  • Green volume was good yesterday, bulls need to follow up today for a bounce.
  • Different scenarios drawn on the main chart.


Thanks a lot for reading.

Namaste.
Note
Bitcoin update:
Bitcoin Drops As Expected, But How Much Lower? (Trade inside)


Tron on BitMEX (TRXM19)(140% ROE on 10X):
Tron (TRXM19) Finds Support? Over 140% ROE on 10X
Note
Perfect bounce for our LTCM19 trade.
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alanmastersBeyond Technical AnalysisbinancebitfinexbitmexTechnical IndicatorskrakenLitecoin (Cryptocurrency)LTCLTCBTCLTCM19Trend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
alanmastersBeyond Technical AnalysisbinancebitfinexbitmexTechnical IndicatorskrakenLitecoin (Cryptocurrency)LTCLTCBTCLTCM19Trend Analysis
MasterAnanda
💥💥💥 90% OFF Available, All PREMIUM Channels (LIFETIME access) 👉 lamatrades.com (Since 2017)

Results:
🥇XRP +2010%
🥇ADA +2216%
🥇TOSHI +1642%
🥇AVA +536%
🥇TRUMP +300%
t.me/anandatrades/971

🏆 More: t.me/alansantana1111/5935
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.