Ltcusdidea
Litecoin- Best place to sellFrom all the big 4, Litcoin is the most bearish, and if we look back we can see that ATHs in Btc or Eth only made a spike in Ltc and not even close to its ATH.
Technically speaking we are under 180-190 support, which now should act as resistance and we also have a clear downtrend on this coin. This is the zone that I will look for selling opportunities and only LtcUsd back above 200 would make me change my mind. The first target can be the recent low, but if we'll have a big sell of on crypto market LtcUsd can drop even to 100 zone
LTCUSD IDEAThe chart pattern is almost identical on the daily as it was back in September. Forming a nice fractal pattern as you can see all the way down the very similar RSI movement.
I drew where I believe we're headed over the next few weeks provided we keep the white line which has been trend support ever since we bottomed out in July.
Let me know what you see?
Litecoin, buy or sell?BITFINEX:LTCUSD
If Bitcoin is the analogy for "gold", Litecoin is the analogy for "silver", now the fundamentals of the Litecoin suggest to buy or sell? My latest research shows that the Litecoin factor can explain 88% of the the logarithm of Litecoin price.
The Litecoin factor indicator is calculated by Litecoin fundamental factor, it can reflect how much of the Litecoin price is supported by the fundamentals.
The green line is the Litecoin factor in the chart, the trend of it are in conformity with the price.
the orange line is the correlation coefficient between the Litecoin price and the Litecoin factor in the 8 years, its value in November 16, 2021 is 0.86, shows that the Litecoin prices are mostly by the Litecoin factor influence.
Yellow line is Litecoin forecast price, the Litecoin factor, and the linear regression method are used to calculate. You can see, the prices fluctuating around the predicted price, it is in line with the principle of price fluctuates around value.
The purple line is determination coefficients (R2) of 8 years logarithmic Litecoin predicted price, which represents the prediction accuracy, the value of 88% on November 16, 2021.
The blue line is factor indicator, which swings between -1 to 2, red background when early warning index greater than 0.8, the price in the peak, said green background when factor indicator is less than -0.6, the price in the trough.
On November 16, 2021, the factor indicator of -0.82, is near of -1, shows that the Litecoin price is near of the trough.please pay attention to the buying chance.
Do you think you should buy or sell Litecoin now? Please comment, we communicate each other.
LTCUSD Nowhere to go but UPThe convergence of circles puts Litecoin in a very awkward spot, in which price needs to go somewhere, so naturally it moves up out of the wedge the circles have placed the price within
This is on the point of a very large major trendline, which is also a very good bull sign
LTC, TP reached LTC!
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Litecoin- Possibility of 30% riseAfter confirming 140-150 zone as strong support, Litecoin has risen also in October and has reached 200 zone resistance.
A correction followed and new support was formed at around 175
At this moment LtcUsd is trading again in 200 zone resistance and a break looks imminent
As long as 175 support is intact I'm looking for higher prices and 260 resistance is my target