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Litecointether

LTC (Litecoin): Approaching ResistanceTrade setup : Price is in a downtrend, however, it's broken back above $70 resistance, which could be a sign of trend reversal. We wait for price to break above stiff resistance at 200-day moving average of $79 to confirm resumption of uptrend. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Down. Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $65.00, then $55.00. Nearest Resistance Zone is $80.00.
Long
by altFINS
LTC: Support BreakoutLitecoin (LTC) technical analysis: Trade setup: Following a breakout from a Symmetrical Triangle, price reached $115 resistance where it got rejected. Now it’s broken back below 200-day Moving Average (~$90), which puts the uptrend at risk. We need to see the price regain that level to signal uptrend resumption, with upside to $115. Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance: Nearest Support Zone is $90, which it broke, then $80. The nearest Resistance Zone is $105, then $115.
Long
by altFINS
LTC: Symmetrical TriangleLitecoin (LTC) technical analysis: Trade setup : Price is trading in a Symmetrical Triangle. Swing traders can trade between the trendlines while Trend traders need to wait for a breakout. Near-term, price is likely to revisit $80 support. Pattern : Symmetrical Triangle, which is a neutral pattern, suggesting indecision in the market. Although it could break either up or down, it usually breaks in the direction of the prevailing trend (i.e. continuation not reversal). Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105
Long
by altFINS
1
LTC: Resistance BreakoutLitecoin (LTC) technical analysis: Trade setup : Price broke back above $80 support and above 200-day moving average ($85), which could signal Uptrend resumption with $105 as potential upside. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105.
Long
by altFINS
LTC: Pullback in UptrendLitecoin (LTC) technical analysis: Trade setup : Break above $90 had failed to hold up and price broke back below this key leben and is approaching a support zone around $80 and 200–day moving average, which could be an attractive swing entry. Trend : Downtrend on Short-Term basis, Uptrend on Medium-Term basis and Neutral on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105.
Long
by altFINS
LTC: Resistance BreakoutLitecoin (LTC) technical analysis: Trade setup : Price bounced off of support trendline (blue line in chart) and 200-day moving average, and broke back above $90 resistance. Momentum turned bullish again (MACD crossover and RSI crossed above 50 centerline), and price could revisit $100-$105 resistance zone where it got rejected 3x. Hype around LTC-20 (Ordinals) has driven Litecoin transactions up 500% in one week to an all-time high. Trend : Uptrend on Short-Term basis, Downtrend on Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, which it broke, then $105.
Long
by altFINS
LTC: Approaching SupportLitecoin (LTC) technical analysis: Trade setup : Price got rejected again (3x) at $100-$105 resistance zone and pulled back to $80 support and 200-day moving average. So far it appears to be holding that level and could swing back up to $100 again. Hype around LTC-20 (Ordinals) has driven Litecoin transactions up 500% in one week to an all-time high. Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105.
Long
by altFINS
💡Don't miss the great buy opportunity in LTCUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (180.00). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LTCUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 65. Take Profits: TP1= @ 197.00 TP2= @ 207.90 TP3= @ 229.90 TP4= @ 247.10 TP5= @ 261.90 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
10
💡Don't miss the great buy opportunity in LTCUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (180.00). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LTCUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 63. Take Profits: TP1= @ 197.00 TP2= @ 207.90 TP3= @ 229.90 TP4= @ 247.10 TP5= @ 261.90 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity