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Litcoin

Litecoin's Weak Revovery 😴Litecoin has recovered a bit in addition to the other cryptos but it still has a way to go. It looks weak with respect to ETH and BTC. We have rejected $160, a technical and psychological level. Currently, we are peaking above a vacuum zone between $184 and $200. The Kovach OBV is flat, so there is a chance we will reject $184 and perhaps get support from $174. Otherwise, anticipate LTC to feel out that range in a sideways correction before another breakout.
BITSTAMP:LTCUSDLong
by quantguy
4
LTCUSD 1W Outlook $170 TargetLooking at the chart of Litecoin on the weekly timeframe, we can see that it's in a bullish trend that just broke out of a 2-year, almost 3 year, downtrend. The start of the downtrend was created at $171 with the second point being the swing high of the summer bull run in 2019. Since June 2019, Litecoin hasn't reached a higher high than that with the coin failing to even break above $80 until this week. To get a glimpse of how strong this $80 level is, Litecoin tried in early 2020 to break $80 but got rejected all the way down to $25, then this month it tried 4 times to break through and couldn't until this week. Now LItecoin not only broke through $80 but it broke through $95 too. This does look like a big wick up on the weekly, but if we can see a wekly close of Litecoin above $95 that would be huge. Moving upwards, the first level of resistance is $114 although that isn't the real resistance target. The $136 start of the downtrend and second point of the trendline is the real resistance level that Litecoin has to break in order to even think about hitting its previous all time high price. Once Litecoin breaks through $136, the next valley created is $171. The $171 - $183 range for Litecoin is the last major level of resistance before it reaches its previous all time high prices. Cheers kyer
KRAKEN:LTCUSDLong
by kyer
9
LTC (Y20.P5.E1).Macro.ForecastRef. C.chart Hi All, Based on a the structure and the current price action which broke the lead in trend line , this then becomes a bullish chart. We can observe the structure and how the fib levels resonate with it. I have 2 targets for LTC. 1st Target, being a double top and it has confluence with the 0.5 fib level and on the 1.618 fib extension, from $80.5 to $86.5 2nd Target is based on the inverted barr point in the structure which correlates to the 0.382 fib level. Price from $99 to $013 LTC has a nice trend but we should get a retrace soon after hitting its mark. Lets see how this above forecast goes with the price action. Note: I'm sure the Paypal announcement with LTC has something to do with it. Cheers, S.SAri
Long
by ssari
2