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Litecoinforecast

Litecoin:BTC Push Through!Hello All, I am trying to be more consistent with my publishing and I wanted to post this since litecoin did break through the purple resistance. There was some sort of inverse head and shoulder, and it broke through the resistance, currently for the macro picture. it looks like it broke out of the descending channel in purple. This is really good as currently, it looks like litecoin is in a much larger descending channel and with the strong movements it had last run, I suspect that there will be a strong chance to reach the top of the channel which would be an approximate increase of 100% against bitcoin. I have marked all of the horizontal resistance regions with red rectangles (all of these areas are possible points of accumulation or reversal). Shorter Time Frame Analysis: In this image, there appears to be a complex head and shoulder, with two shoulders on the left, however, it is possible this left shoulder may not be symmetrical. If it is not, I would be suspecting strong moves through the resistance and a consolidation above it. If the left side forms a second shoulder because it is rejected at the resistance. I am looking for a retracement back to 6800 satoshi's. Best of Luck and Stay Technical! Previous Analysis:
by CuddlyCuddles
Don't miss the great buy opportunity in LTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Litecoin/US Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 64.15 TP2= @ 79.15 TP3= @ 99.30 SL= Break below S2
BITSTAMP:LTCUSDLong
by ForecastCity
19
Don't miss the great buy opportunity in LTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Litecoin/US Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 64.15 TP2= @ 79.15 TP3= @ 99.30 SL= Break below S2
BITSTAMP:LTCUSDLong
by ForecastCity
10
Hold 37-33 Dollar area or down for a double bottom?Ltc has had a nice bounce of the 0.5 Fib level of the entire structure.. but then got rejected by the 0.65 Fib level of the impulse that started in December of last year. The support looks strong around the 37-33 dollar range, holding above the 0.5 Fib, the 1:1 extension of the first big impulse in 2017, the 0.786 Fib of the latest big impulse and the 1.65 fib channel of the pitchfork. If we don't hold we will probably test for a double bottom around 23 dollar.
COINBASE:LTCUSD
by Fomonacci
Litecoin is Trading in a Tight RangeThe LTC/USD pair continue fell down since the its halving in late August. The coin has lost nearly half of its value since that time. Moreover, Litecoin’s hash rate has decreased by almost 70% since the halving, which means that miners are not so happy and motivated to support the network. At the time of writing, Litecoin was down by 0.85% for the last 24 hours. Price action on the daily chart is narrowing within a bearish pennant structure. At the same time RSI indicator (36) is near to its oversold zone. The pair also is limited by the middle line of the daily Bollinger Bands around $46.85. Once it is out of the way and the price break the upper line of the pennant, the upside momentum is likely to gain traction with the next focus on $50.64. There is the upper boundary of the recent consolidation range (also psychological area). It is followed by the upper line of the daily Bollinger Bands at $51.74. Critical weekly support should be noted at the $45-44 region. And failure to hold could invite another wave of selling. In that event the bears should send the price towards $43.70. This barrier is created by the lower boundary of the above-said pennant. A clear break there will send the price for testing December low at $42.78. Once it is broken, the lower line of the consolidation channel of $41.04 will come into view.
BINANCE:LTCUSD
by ForexTrendline