Due to Halvening for litecoin is approaching. LTC/BTC had a run for quite a while.
On 1 day chart. if Cup and handle is formed. i expect a huge break out above resistance line around 0.0185 satoshi if it do broke out that resistance. mean while i expect a minor consolidation from each resistance/support by fibonacci retracement.
Vertical line is a date for Ltc halvening day
This chart could be invalidated once the ltc/btc made a significant lower low (0.011 satoshi) or manage to consolidating below recent trendline.
for Indicators:
DMI : DMI+ is rising while DMI- is decreasing and DMX is rising along side with DMI+. good bullish movement is expected for this asset.
Dominance : Compared with LTC, ETH and XRP.. LTC is currently dominate these 2 biggest market cap. bullish for LTC for now
Macd : Macd line keep rising above 0 line/ bullish territories and buy histogram is still keep building up currently
MFI : show a little bit divergence as it's on oversold area while i expect a minor pull back. it's still in bullish area
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
On 1 day chart. if Cup and handle is formed. i expect a huge break out above resistance line around 0.0185 satoshi if it do broke out that resistance. mean while i expect a minor consolidation from each resistance/support by fibonacci retracement.
Vertical line is a date for Ltc halvening day
This chart could be invalidated once the ltc/btc made a significant lower low (0.011 satoshi) or manage to consolidating below recent trendline.
for Indicators:
DMI : DMI+ is rising while DMI- is decreasing and DMX is rising along side with DMI+. good bullish movement is expected for this asset.
Dominance : Compared with LTC, ETH and XRP.. LTC is currently dominate these 2 biggest market cap. bullish for LTC for now
Macd : Macd line keep rising above 0 line/ bullish territories and buy histogram is still keep building up currently
MFI : show a little bit divergence as it's on oversold area while i expect a minor pull back. it's still in bullish area
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Note
as long it held 1st and 2nd up trendline + 200 SMA.. ltc/btc remain bullish until it broke below it....
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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.