My last post laid out a pretty clear strategy to pick up some LTC as it dipped down. If you are following me, I hope you got in and scooped up some of these prices as it fell and realized how effective employing a martingale strategy is. While my positions aren't as good as ETH, I still have a solid position in LTC that is profitable right now. The first thing we...
Chart update. Position: Very Bearish with a chance of bounces Technicals. Day and Weekly Chart. 1. RSI is in negative territory 2. MACD looking vicious to the downside. 3. Breaking lows. It's clear we are in a bear market. No question at this point. We want to look for signs of a reversal, but there are none and we will continue looking. With all of that...
The thing to realize here is we are in a bear market. There are few reasons to say that we are at the bottom at this point. Technically here are some major bearish indicators on the daily chart: 1. RSI is negative and no signs of divergence or bottoming 2. Overall down trend. 3. MACD just turned down and going into negative territory On the smaller time...
LTC / BTC i detected a breakout! check the chart and trend line too (late) buy 1900 sell 2000 - 2150 7days hey u trader , what is your idea ?
LTCUSD tested its support at 194.484 (76.4% Fibonacci retracement , horizontal swing low support) and a potential rise could occur to its resistance at 217.160 (61.8% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) shows a bullish divergence which suggest a corresponding increase in price could occur.
Litecoin is currently being squeezed in a triangle formation and could break out in either direction. We do have to be cautious of the major resistance at 218 and the major support at 200 which needs to be surpassed or broken to open a move in either direction. We can also see that RSI is being squeezed in a triangle formation and a breakout in either direction...
BITTREX:LTCUSDT A bearish bat on the move in the house, reached the prz and reversing, will be a bit aggressive with the short cover..
LTCUSD has made a bearish exit signaling that we could be seeing a change in momentum from bullish to bearish. We’re seeing 1st major resistance at 215.03 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a strong drop from here could drive price down to 188.20 support (Fibonacci extension, horizontal swing low support). Stochastic...
LTCBTC back to .382 fib level and then new highs or we go straight up from here
The chart says it all... Be prepared for a big drop
This chart assumes the downtrend will continue within its channel, as it has been. I copied the previous price movement and imposed it into the future as a rough estimate. I am not convinced that it will continue as far down as I have projected it, but I do think it is possible that LTC will retest $100 support again. Whether or not this will happen, or if the...
Litecoin continues to follow bitcoin and the rest of the market. Despite recently doubling in price, I think that litecoin is still well within a prevailing downtrend channel. Short term, expecting a decline to ~160.
Litecoin has shot up nicely after breaking our wedge formation. Our 1st support is at 212.77 (Fibonacci retracement, horizontal overlap support, pullback support) where a further bounce could occur in pushing price up to 264.42 resistance (Multiple Fibonacci retracements, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong ascending support...
Litecoin is now consolidating really nicely within a wedge formation. We prepare for a potential bounce above 212 major support (horizontal overlap support, Fibonacci retracement) with our next major resistance at 264.42 (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) can see an ascending support hold prices up and our bullish bias...
Litecoin has shot up perfectly as forecasted and hit our major resistance level before slowing down. Another rise could occur above 214.38 support (Fibonacci retracement, horizontal overlap resistance) to push price up further to 264.42 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). RSI (34) is clearly above our major...
Litecoin is testing major resistance at 172.58 and a break above this level could trigger a move all the way u p to 213.62 (Fibonacci retracement, horizontal overlap resistance). We do have to be careful about strong intermediate resistance at 196.16. We can see a bit of a squeeze happening too with our ascending support line pushing price up steadily against the...
LTCUSD has risen to our long term descending resistance line, tested it and started to react nicely off it. The overall momentum remains bearish and our first major resistance is at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) where further bearish momentum could drive price down to at least 108.41...
LTCUSD has risen to major resistance at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) and a strong reaction could occur at this level to drive price down to at least 108.41 support (Fibonacci extension, horizontal swing low support). Our long term descending resistance line is also adding a lot of...