Ltcusdidea
LITECOIN-Battle between active and shadow area🎉 Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
LTCUSD
Is trading within a triangle pattern and its about to break the triangle pattern in coming days as in recent days most of the crypto currencies are trading within a confined range. LTCUSD is currently trading above the.382 Fibonacci level and around key price action level where we can expect some resistance to the bull.
50.305 area is acted as both support and resistance for the past 08 months. If the bull want to remain in control it has to broke the key price action level.
If its happened then the next upside swing target would be around 64.00 is the place where we can see a previous left and right shoulder pattern was formed in the august month.
During the initial period of pandemic it has seen a massive sell off due to the lost in market confidence and the investors flew in to safety. From March 13 LITECOIN is in uptrend after this period the bear cannot take control.
If the Key price action level was broken then the next upside hurdle would be a .50 Fibonacci retracement level comes around 54.140.If LTCUSD managed to bruise through the shadow area we can expect massive upside or downside rally. But the current market condition is supporting the bullish rally
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LITECOIN is trading within a falling channelLTCUSD
Is currently trading within a downward channel and the price action suggests that the upward momentum is slowing and we can expect sudden drop like one previously happened.
In longer timeframe Head and shoulder pattern is formed and felled towards 42.00 level
If the price move below the current level then the expected target level will be around 40.00
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Litecoin- Bearish Triangle is formingLTCUSD
After reaching the 69.00 level price felled towards 45.33 and got some minor support and bounced up to 49.50
We can see a triangle formation in a bearish trend which will further triggered the selling of litecoin
In 4hr timeframe head and shoulders pattern is formed and the bullish trend line is also broken on September 02, 2020 with the long bearish candle
The price is just below the 50.00 mark which is a major psychological level and acting as a resistance level. just above at 50.71 the 61.8% Fibonacci level is also acting as a resistance
The next target would be 40.00 which is also a major psychological level and low volume area and profit taking area. At this level we can expect minor rebound of LTCUSD.
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
LTCUSDt AnalysisHello friends.
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Everything on the chart.
until we are higher than 42.5 we're bullish
targets: 53 - 55 - 57
after first target reached move ur stop to breakeven
stop: under 42.5 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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LTC/USD - looks shorts.Signs of shorts position:
- Maximum downshifting.
- EMAs are showing a downtrend.
- AO shows a falling trend.
- RSi is in a bearish trend.
- Strong resistance 43$
Canceling the short position, going over $43 level.
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LTC/USD - Pattern head & shoulder. Pattern head shoulders.
It's worth waiting for the neck to break.
Or a neck break from the neck level.
Looking for an entry point.
Canceling the pattern out of the $46 level.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
LTCUSDt AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
chart looking bullish
U can open a long-pos on a broken channel retest
Targets: 48$ - 54$ - 60$
(after first target will reached move ur stop to breakeven)
growth cancellation if we rollback and consolidation below 42$
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Also open to your questions or suggestions(PM to me).Will be glad earn some money for me and you.