Large accumulation rateIf you use a simple technical analysis of the price, you will notice that between the prices 187 and 169 (approximately) a flat channel has formed, which lasts a whole month.
All that is included in the accumulation is the already completed trades of traders and limit orders, which, sooner or later, will break the price in one direction, outside the channel.
As I showed on the price chart, the best solution is to wait for a test of one of the accumulation levels and start opening positions.
Litecoinusdt
Litecoin 💥🚀🌚⚡ #Litecoin $LitecoinIt has been a few days since LightQueen Trend broke its 67-day bearish trend and started moving towards its price targets. The price targets and their resistances are plotted on the chart. The resistance between the price of 255 and 260 is very strong and it is important to break and stabilize it.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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#DYOR
Litecoin Golden CrossSimilarities in price and indicators can be seen between now and late 2017
Late 2017 price dipped and touched briefly the .618 fib level
Now the price has dipped touching the 1.618 fib level
In both situations a golden cross was present
This leads me to believe a nice run is coming for Litecoin within the year
Buy while its cheap!
$LTC on the daily TFboy, girls and whatever other fictional genders there are,
LTC is only going up, we had a test on the daily to see if it wanted to go down. price did not like the $266-269 range and we confirmed a green dot and a tiny trigger wave ON THE DAILY!!!!!!!!
im long since $268, May and June will be excellent, see the trajection with white dotted line following momentum up
Looking at Litecoin LTCUSD Litecoin has undergone a nice run in the background
it is still yet to challenge its ATH which was accomplished in 2017
There should be more ATH challenges for lite coin in the future of this bull run (this year)
Litecoin will be popular within the payment space of cryptocurrency
Right now in this TA I see LTC forming a little H&S pattern, however if this theory breaks down continuation upward will occur, its just a bit of a strange formation
I wouldn't recommend betting against this bull market however, maybe just wait for the dip to add more
Litecoin Continuation, ScallopThe curve is an example of an ascending scallop
Once price reaches horizontal levels (horizontal line near top of curve) a breakout upwards can occur
Included patterns and relevant trendlines
Litecoin is a good one, great to hold for a long time in a portfolio
This is the daily chart for litecoin
LTC one step closer to take off!!Litecoin has been pumping recently putting out big numbers, we are currently well above the 0.7 FIB level and super close to going for that heavy resistance at the 1 FIB level or 247$USD. We broke out of the ascending triangle with force and it definitely feels like LTC is going to show everyone what its capable of in this alt season bull market!! We see the zero lag MacD has crossed bearish but i think itll be for a short period, even if we do get pulled down i'm confident we will still close today above the 0.7 FIB! Also the ichimoku cloud is starting to print some green support. i believe we are going to see LTC start to take off soon enough smashing through that heavy resistance and keep heading up! Not financial advice just my opinion!
💡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
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💡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 ❤️