I'm truthfully not sure how valid this is, I think the pennant staff size is a little too small. Proceed with caution.
Here I have analyzed the LTCUSD digital currency pair and I am anticipating a bullish run. In the previous weeks we saw a huge surge in the crypto currency world and after a minor pull back to gain some momentum this next bullish wave should be pretty intense and extremely rewarding for the buyers
Bearish RSI,MACD and volume signals at a key retractment level. Seems to be following the FIB retractments pretty closely along with the trend line of the retractments. It appears a dip to $195 area is likely in the future before any great forward movement. Time to get your Wallets ready to expand or enter a position in LTC. (Please ignore stray line at $140 area.)
Litecoin has had a historic run. Here is a look at the Fibonacci levels. If price reverses from recent upward movement, I would look for reversal in around $250 and $200. Those areas should also provide a safe entry point for long positions. Cheers!
Simple chart here, LTC continuing upward on the trend line with the price just above 50 day SMMA. If price breaks through top dotted line, hold on to your hats. Cheers and happy trading
• As long as ascending TL doesn't break, my bias for LTC/USD is still LONG • TP 1 = -27.2% and TP 2 = -61.8% $414 and $505 • Resistance break confirm and soon to touch $414 @tradersmind
LTC downtrend to ~315 area and bouncing off ema50, support, and bottom of channel to continue the long A close below 310 would nullify this move,
Seems like LTC is done with Wave 4, could do a last touch at 0.5 Fib level, but that's not very likely.
I think the consolidation at this mental number of $300 is allowing LTC to rest as it builds strength to retest the ATH. We should see a breakout of the box and reach $420 to $450 before consolidating again for the run up. While we have seen the marketcap of LTC falter today a little due to the rise in prices of ETH and others, this should not diminish the long...
To me, LTC is taking the path it has previously, its up here consolidating a little bit but I think we will see a breakout very shortly. Not exactly sure where to, easily past the 400 mark, maybe 450? let me know what you think.
Litecoin has made an incredible move higher over the last several days but now appears very overextended. IMO LTC will need to consolidate here or possibly even pullback some to give the moving averages time to catch up.
LTC has consolidated over the past few hours moving from a high of $400 to $295 I look for the start of the US trading session to move higher retesting the High of Tuesday and breaking it. With the influx of new users coming into the crypto space and using coinbase as an onramp to enter into crypto for the first time, they will see LTC as a cheaper alternative...
With everyone's attention on Bitcoin's price skyrocketing, Litecoin has exploded higher. This daily chart which is almost 1 year shows Litecoins incredible run higher.
Litecoin has broken out of the flag pattern it was forming. It had a strong break out followed by a classic re-test of the upper trendline. I am really liking how LTC is looking here, I continue to slowly add to my position.
Litecoin has been trading in a downward sloping channel since early yesterday. It has put in a higher low and a higher high but I would like to see LTC break above the upper channel trendline to continue the uptrend.
LTC has had an incredible run the last two days and I am really tempted to buy more but I have decided to be patient. It is possible LTC could breakout above the upper trendline and continue higher, but I am going to wait to see if LTC will pullback and possibly re-test support in the $135 area. If it does I will be ready to buy, I believe it is worth the risk...
Litecoin has been looking great recently. Currently flirting with a second trend line (green), but realisticly LTC will have a very hard time maintaining that pace upwards. I am expecting a consolidation back to the black up trend line before more up. Once price comes back to black trend line, would be a good time to throw some more LTC in the bag. I am...
Litecoin has broken out of the upward channel (following btc) and is drifting back down to 200 day MA. 200 day moving average and Fib levels should provide good support levels. Look to purchase in the $68-$72 range if we see signs of reverersal. The first profit target being the all time high in the mid $90s. Cheers and happy trading