LTCUSD bounced off support, potential for further rise! Price bounced off our first support (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is approaching support as well where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTC-USD
LITECOIN -15% for this week? Short setup by ThinkingAntsOk1H CHART EXPLANATION:
As we can observe, price is currently on a Head and Shoulders pattern after bouncing at the Major Resistance Zone. If price breaks it and consolidate below, we will wait for a pullback to the neckline of the structure to take short positions towards the Ascending Trendline.
4H CHART:
LTCUSD near resistance, potential drop coming!Price is approaching our first resistance (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding drop to our first support level (50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
"Top and Bottom Analysis" LTC/USD (LITECOIN) by ThinkingAntsOk4H CHART EXPLANATION
In the short term, we can expect a double top with the previous Max. level, and then a downside movement towards the Ascending Trendline. Also, there is MACD Bearish Divergence. After this, if this price zone is broken, we will look for short/long positions based on the higher timeframes analysis.
Updates comming soon!
-Weekly Timeframe:
-Daily Timeframe:
LTCUSD approaching resistance, potential reversal! Price is approaching our first resistance (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding drop to our first support level (50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCCUSD approaching resistance, potential reversal! Price is approaching our first resistance (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding drop to our first support level (50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD could see a reversal below our first resistance levelLTCUSD is approaching our first resistance (horizontal swing high resistance, 100% Fibonacci extension, 76.4% fibonacci retracement) where we might see a drop to our support (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Potential bounce as LTCUSD is approaching support!LTCUSD is approaching our first support (horizontal overlap support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where price might bounce to our first resistance (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential reversal coming!LTCUSD is approaching resistance (horizontal pullback resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below our first support level (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, big bounce upcoming!LTCUSD is approaching our first support at 61.10 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) where we might see a corresponding bounce to our major resistance level at 84.36 (horizontal overlap resistance, 61.8% retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, big upcoming bounce! LTCUSD is approaching our first support at 61.10 (horizontal pullback support, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above our first support level to our first resistance level at 84.36 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic is approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
"Starting the week on LITECOIN" Multi timeframe view by TAvisionThis is our “Every-Monday” report on LITECOIN with a full vision over 3 timeframes.
4H CHART EXPLANATION
As we explained on the previous charts, we are looking for short opportunities.
In 4H timeframe, we can see:
- Price is on a Bearish Corrective Structure bouncing on the Support Zone
- If the structure is broken, the down movement will be confirmed below 75.000, so, we will be looking for Short
Setups towards 61.000 Support Zone, being careful of the Ascending Trendline
Updates coming soon!
MULTI TIMEFRAME VISION:
Weekly:
Daily:
XAGUSD is approaching our first support at 14.83 (horizontal LTCUSD is approaching our first resistance at 113.24 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur to our major support at 94.33 (23.6% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
"Top and Bottom Analysis" LITECOIN LTC/USD by ThinkingAnts4H CHART EXPLANATION:
As we explained on the previous charts, we are looking for short opportunities. In 4H timeframe, we can see:
- Bearish MACD Divergence
- Actually doing a Bearish Flag Pattern bouncing on the Resistance Zone
- If the structure is broken, the down movement will be confirmed below 75.100, so, we will be looking for Short Setups towards 61.000 Support Zone, being careful of the Ascending Trendline
Updates Coming Soon!
MULTI TIMEFRAME VISION:
-Weekly
-Daily
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 113.24 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur to our major support at 94.33 (23.6% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 13.24 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur to our major support at 94.33 (23.6% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance.
Bitcoin hits $5,000 as cryptocurrency market bulls returnBitcoin bulls return
Bitcoin surged above the $5,000 resistance level this week as the market capitalization of the entire digital currency market reached its highest level of the year so far. Bitcoin moved above its 200-day moving average for the first time since May 2018, as the BTCUSD pair advanced towards the $5,300 level before correcting lower, as traders booked profits from overstretched levels. Bitcoin had spent much of the last trading month consolidating in a narrow price range between the $3,800 to $,4,000 level prior to its strong technical breakout above the $4,200 level.
• The BTCUSD pair is only bearish while trading below the $4,200 level, key support is found at the $4,100 and $4,000 levels.
• If the BTCUSD pair trades above the $4,400 level, buyers may test towards the $5,300 and $6,000 resistance levels.
RBA turning dovish
The Australian dollar moved lower against the US dollar and the Japanese yen currency following the release of the Reserve Bank of Australia interest rate statement. The RBA maintained interest at record low levels as widely expected, with the central bank issuing more dovish forward policy guidance. The RBA noted that domestic risks in the global and domestic economy continue to be the main areas of concern for Australian policymakers. Financial market participants are now speculating that RBA will slash interest rates as soon as August this year.
• The AUDUSD pair is bearish while trading below the 0.7245 level, key support is found at the 0.7030 and 0.6930 levels.
• If the AUDUSD pair trades above the 0.7245 level, buyers may test towards the 0.7310 and 0.7380 resistance levels.
Brexit wrangling
The British pound moved higher against the greenback this week as British Prime Minter Theresa May lost control of Brexit. UK Parliament voted to take power away from PM May over key Brexit decisions, as she failed to find a clear resolution to the United Kingdom’s departure from the EU. Markets cheered the move by UK Parliament, to take control of Brexit, as traders and investors perceived that the chances of a no-deal Brexit have now decreased. The GBPUSD pair advanced towards the 1.3200 level, after briefly dipping towards the 1.3000 level in early week trading.
• The GBPUSD pair is only bearish while trading below the 1.3100 level, key support is found at the 1.2975 and 1.2660 levels.
• If the GBPUSD pair trades above the 1.3100 level, key resistance is found at the 1.3200 and 1.3270 levels.
Litecoin rally
Litecoin performed its strongest weekly advance since February 2018 this week, as the surge in the value of Bitcoin provoked a wave of buying towards other digital assets. Litecoin advanced towards the $100.00 level, with the fifth largest cryptocurrency by market capitalization adding close to fifty percent in value. Ethereum also posted strong double-digit gains, with the second largest cryptocurrency moving towards the $180.00 level, after starting the month of April close to the pivotal $140.00 level.
• The LTCUSD pair is only bullish while trading below the $56.00 level, key resistance is found at the $100.00 and $120.00 levels.
• If the LTCUSD pair trades below the $56.00 level, sellers may test towards the $50.00 and $42.00 support levels.
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 13.24 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur to our major support at 94.33 (23.6% Fibonacci retracement).
Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 113.24 (horizontal pullback resistance, 23.6% Fibonacci retracement) where a strong drop might occur to our major support at 94.33 (23.6% Fibonacci retracement).
Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 57.14 (horizontal overlap support, 50% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 63.31 (61.8% Fibonacci extension).
Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 57.14 (horizontal overlap support, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 63.29 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 100%, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 60.93 (horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.