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LTCBTC

LTCBTC - close to the end of an descending wedge- Litecoin is at the all time low of the last two years. - Has been in a downward wedge for the last year. - under all moving averages on the daily. - Make no mistake It is weak. - Currently at a double bottom at 0.004041 and A wave - Could go a little lower to hit the bottom of the wedge and make a final C wave. - Expecting a bounce off the bottom of the wedge. - It should hopefully start a new 5 wave structure up. - It should at the very least test the top of the wedge for a 15% rise. - Then we have to wait for confirmation of a break of this wedge structure. - Note also falling volume and falling price is also bullish. - A bullish divergence on rsi formed - higher lows on rsi and lower lows on price. As always trade at your own risk and have proper risk management.
Long
by System791
Lite Coin (LTC) - October 8 Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- Although the change in BTC price has the expected effect on the rise and fall of the coin market, I think that price changes such as BCH and LTC are also important in predicting the flow of the coin market. If it falls, we need to see if we can get support at 0.004209. Above all, we need to see if it can rise above the uptrend line (3). ------------------------------------------------- (LTCUSDT 1D chart) I think you are in a position to show a sharp rise. So, we have to see if we can climb above 47.70 points. Also, if it falls, you need to make sure you get support at 44.61. ------------------------------------------------ ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
by readCrypto